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, still down 37.72% from its 52 week high of $209.87 set on December 31, 2021.
Crown Castle shares lost 0.46% in after-hours trade following 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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