Crown Castle Earnings, Revenue Beat in Q4 By Investing.com
© Reuters. Crown Castle Earnings, Revenue Beat in Q4
Investing.com – Crown Castle (NYSE:) reported on Wednesday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.
Crown Castle announced earnings per share of $0.81 on revenue of $1.65B. Analysts polled by Investing.com anticipated EPS of $0.772 on revenue of $1.63B.
Crown Castle shares are down 11% from the beginning of the year, still down 15.70% from its 52 week high of $209.87 set on December 31, 2021. They are outperforming the Nasdaq which is down 13.44% from the start of the year.
Crown Castle shares gained 0.19% in after-hours trade following the report.
Crown Castle follows other major Real Estate sector earnings this month
Crown Castle’s report follows an earnings beat by Prologis on January 19, who reported EPS of $1.67 on revenue of $1.07B, compared to forecasts EPS of $0.7055 on revenue of $1.07B.
Duke had beat expectations on Wednesday with fourth quarter EPS of $0.27 on revenue of $264.57M, compared to forecast for EPS of $0.2012 on revenue of $266.47M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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