Investing.com - Crown Castle (NYSE:CCI) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Crown Castle announced earnings per share of $0.38 on revenue of $1.49B. Analysts polled by Investing.com anticipated EPS of $0.49 on revenue of $1.51B.
Crown Castle shares are up 15.24% from the beginning of the year and are trading at $163.81 , down-from-52-week-high.They are outperforming the S&P 500 which is up 6.31% from the start of the year.
Crown Castle follows other major Services sector earnings this month
Crown Castle's report follows an earnings beat by Verizon on Wednesday, who reported EPS of $1.25 on revenue of $31.5B, compared to forecasts EPS of $1.22 on revenue of $31.59B.
Netflix had missed expectations on Tuesday with third quarter EPS of $1.74 on revenue of $6.44B, compared to forecast for EPS of $2.13 on revenue of $6.39B.
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