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 $0.97 on revenue of $1.57. Analysts polled by Investing.com anticipated EPS of $0.98 on revenue of $1.73B.
Crown Castle shares are down 36.64% from the beginning of the year and are trading at $130.10 , down-from-52-week-high.
Crown Castle shares lost 0.46% in after-hours trade the report.
Crown Castle follows other major Real Estate sector earnings this month
Crown Castle's report follows an earnings beat by Prologis on Wednesday, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
Equity Lifestyle had beat expectations on Monday with third quarter EPS of $0.7 on revenue of $381M, compared to forecast for EPS of $0.3671 on revenue of $314.83M.
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