Crown Castle International Corp. reported outstanding first-quarter results, posting adjusted funds from operations (AFFO) per share of $1.87, surpassing analyst estimates of $1.80. The company achieved net revenues of $1.74 billion, reflecting a 17.3% increase from the previous year and exceeding expectations by $40 million. Despite solid performance in site-rental revenues and positive outlook for 2022, Crown Castle's stock has declined about 7.1% year-to-date.
“Crown Castle International Corp. · had · adjusted funds from operations (AFFO) per share · $1.87”
“Crown Castle International Corp. · surpassed · Zacks Consensus Estimate for AFFO per share · $1.80”
“Crown Castle International Corp. · reported · net revenues · $1.74 billion”
“Crown Castle International Corp. · exceeded · Zacks Consensus Estimate for net revenues · $1.70 billion”
“Crown Castle International Corp. · reported · net revenues growth · 17.3%”
“Crown Castle International Corp. · reported · net revenues for the previous year · $1.48 billion”
“Crown Castle International Corp. · reported · site-rental revenues · $1.6 billion”
“Crown Castle International Corp. · reported · site-rental revenues growth · 15.1%”
“Crown Castle International Corp. · reported · services and other revenues · $166 million”
“Crown Castle International Corp. · reported · quarterly adjusted EBITDA · $1.1 billion”
“Crown Castle International Corp. · reported · quarterly operating expenses · $1.1 billion”
“Crown Castle International Corp. · exited · first-quarter 2022 with cash and cash equivalents · $312 million”