04:40 PM EDT, 10/16/2024 (MT Newswires) -- Crown Castle ( CCI ) reported Q3 adjusted funds from operations late Wednesday of $1.84 per diluted share, up from $1.77 a year earlier.

Analysts polled by Capital IQ expected $1.80.

Net revenue for the quarter that ended Sept. 30 was $1.65 billion, down from $1.67 billion a year earlier. Analysts surveyed by Capital IQ expected $1.64 billion.

The company expects fiscal 2024 AFFO of $6.91 to $7.02 per share. Analysts surveyed by Capital IQ expect $6.94.

Shares were trading 1% lower in after-hours activity.

Price: 114.43, Change: -1.25, Percent Change: -1.08