Crown Castle's (CCI) Q2 AFFO Miss Estimates, Revenues Fall Y/Y
CCICrown Castle(CCI) ZACKS·2024-07-19 00:50

Crown Castle Inc. (CCI) reported second-quarter 2024 adjusted funds from operations (AFFO) per share of 1.62,laggingtheZacksConsensusEstimateof1.62, lagging the Zacks Consensus Estimate of 1.65. The reported figure also declined 21% from the year-ago quarter.Results reflect a fall in net revenues on a year-over-year basis. Higher interest expense on debt obligations and lower contributions from adjusted EBITDA were undermining factors. CCI maintained its outlook for 2024. Management remains on track to deliver a full-year outlook for organic r ...