Crown Castle reported third quarter earnings that beat analyst's expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.33 on revenue of $1.38B. Analysts polled by expected EPS of $0.27 on revenue of $1.35B. That compared to EPS of $0.17 on revenue of $1.06B in the same period a year earlier The company had reported EPS of $0.36 on revenue of $1.33B in the previous quarter.
Crown Castle shares slightly moved 0.00% to trade at $106.79 in after-hours trade following the report.
For the year, Crown Castle shares are down 3.38%, under-performing the S&P 500 which is up 4.68% year to date.
Crown Castle follows other major Services sector earnings this month
On Monday, Netflix (NASDAQ:NFLX) reported fourth quarter EPS of $ on revenue of $, compared to forecasts of EPS of $0.47 on revenue of $4.24B.
Costco (NASDAQ:COST) earnings missed analyst's expectations on Wednesday, with first quarter EPS of $ on revenue of $. analysts expected EPS of $1.61 on revenue of $34.27B
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