Crown Castle International Corp. (CCI) announced that its third-quarter net loss attributable to CCIC stockholders after deduction of dividends on preferred stock was $36.8 million , compared to a net loss attributable to CCIC stockholders after deduction of dividends on preferred stock of $37.4 million for the same period in 2008. Net loss attributable to CCIC common stockholders per common share was $0.13 for each of the third quarter of 2009 and the third quarter 2008.
Total revenue for the third quarter increased 12% to $429.1 million from $384.3 million in the same period in 2008.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.04 per share on revenues of $419.06 million for the quarter. Analysts' estimates typically exclude special items.
For the fourth quarter, Site rental revenue is expected to be in the range of $397 million to $402 million, GAAP results is expected to be in the range of loss $15 million to profit of $7 million or $0.05 loss per share - profit $0.02 per share. Analysts expect the company to report a loss of $0.02 per share for the fourth-quarter.
For fiscal 2009, the company now expects Site rental revenue to be in the range of $1.537 billion to $1.542 billion, Net loss after deduction of dividends on preferred stock to be in the range of $165 million - $142 million or $0.58 to $0.49 per share. Earlier, the company expected site rental revenue in a range of $1.52 billion-$1.53 billion, and net loss attributable to CCIC common stockholders in a range of $172 million-$81 million, or loss of $0.60-$0.28 per share. Analysts expect the company to report a loss of $0.45 per share for fiscal 2009.
For fiscal 2010, Site rental revenue is expected to be in the range of $1.645 billion to $1.665 billion, GAAP results to be in the range of loss $16 million - profit of $68 million or $0.06 loss per share - profit of $0.24 per share. Analysts expect the company to report net income of $0.09 per share for fiscal 2010.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.