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Crown Castle (CCI) Tops Q3 EPS by 6c

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October 17, 2018 4:19 PM EDT

Crown Castle (NYSE: CCI) reported Q3 EPS of $0.33, $0.06 better than the analyst estimate of $0.27. Revenue for the quarter came in at $1.38 billion versus the consensus estimate of $1.35 billion.

OUTLOOK

This Outlook section contains forward-looking statements, and actual results may differ materially. Information regarding potential risks which could cause actual results to differ from the forward-looking statements herein is set forth below and in Crown Castle's filings with the Securities and Exchange Commission ("SEC"). Beginning in 2019, the Outlook section of Crown Castle's quarterly earnings releases will include Outlook for full year periods only.

The following table sets forth Crown Castle's current Outlook for fourth quarter 2018, full year 2018 and full year 2019:

(in millions)Fourth Quarter 2018Full Year 2018Full Year 2019
Site rental revenues$1,189to$1,199$4,696to$4,706$4,898to$4,943
Site rental cost of operations(a)$343to$353$1,400to$1,410$1,438to$1,483
Net income (loss)$201to$226$659to$684$738to$818
Adjusted EBITDA(b)$820to$830$3,144to$3,154$3,303to$3,348
Interest expense and amortization of deferred financing costs(c)$160to$170$638to$648$691to$736
FFO(b)(d)$567to$577$2,055to$2,065$2,252to$2,297
AFFO(b)(d)$591to$601$2,273to$2,283$2,413to$2,458
Weighted-average common shares outstanding - diluted(e)416415416

For earnings history and earnings-related data on Crown Castle (CCI) click here.


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