ET 17:04

Headline: Crown Castle Exceeds Q4 Earnings, Shares Jump - CCI

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Earnings

[Para 1: The Lead] Crown Castle International Corp. (CCI) surpassed Wall Street expectations in its Q4 earnings, reporting funds from operations of $489 million, or $1.12 per share, significantly higher than the $1.07 per share forecast by analysts. The company's revenue of $1.07 billion also exceeded the $1.05 billion expected by market analysts. [Para 2-3: Supporting details & Context] Crown Castle, a real estate investment trust based in Houston, announced a net income of $294 million, or 67 cents per share, for the quarter. For the year, the company reported funds from operations of $1.9 billion, with revenue of $4.26 billion. Analysts project full-year funds from operations in the range of $4.38 to $4.49 per share. The strong performance and revised guidance indicate robust demand for wireless communications tower services.

EditorLim