Crown Castle Q2 Adjusted FFO, Revenue Decline-March 2024-www.financetom.com

Crown Castle Q2 Adjusted FFO, Revenue Decline

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Crown Castle Q2 Adjusted FFO, Revenue Decline

Jul 17, 2024 2:04 PM

04:36 PM EDT, 07/17/2024 (MT Newswires) -- Crown Castle ( CCI ) reported Q2 adjusted funds from operations late Wednesday of $1.62 per diluted share, down from $2.05 a year earlier.

Analysts polled by Capital IQ expected $1.65.

Net revenue for the quarter that ended June 30 was $1.63 billion, down from $1.87 billion a year earlier.

Analysts polled by Capital IQ expected $1.61 billion.

The company said it maintained its full-year 2024 adjusted FFO guidance of $6.91 to $7.02. Analysts polled by Capital IQ expect $6.93.

Price: 105.50, Change: -0.13, Percent Change: -0.12

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