Crown Castle International Corp Q1 adjusted earnings Beat Estimates

Crown Castle International Corp (CCI) revealed earnings for first quarter that fell from the same period last year.

The company's earnings came in at $121 million, or $0.28 per share. This compares with $157 million, or $0.38 per share, in last year's first quarter.

Excluding items, Crown Castle International Corp reported adjusted earnings of $738 million or $1.71 per share for the period.

Analysts had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.9% to $1.49 billion from $1.42 billion last year.

Crown Castle International Corp earnings at a glance:

-Earnings (Q1): $738 Mln. vs. $593 Mln. last year.
-EPS (Q1): $1.71 vs. $1.42 last year.
-Analysts Estimate: $0.53
-Revenue (Q1): $1.49 Bln vs. $1.42 Bln last year.

Full year EPS guidance: $6.74 - $6.85
Full year revenue guidance: $5,672 - $5,717 Mln

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