Crown Castle International Corp Profit Advances In Q1, Beats estimates

Crown Castle International Corp (CCI) revealed earnings for its first quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $421 million, or $0.97 per share. This compares with $121 million, or $0.28 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.8% to $1.74 billion from $1.49 billion last year.

Crown Castle International Corp earnings at a glance (GAAP) :

-Earnings (Q1): $421 Mln. vs. $121 Mln. last year.
-EPS (Q1): $0.97 vs. $0.28 last year.
-Analyst Estimate: $0.94
-Revenue (Q1): $1.74 Bln vs. $1.49 Bln last year.

Full year revenue guidance: $6,242 to $6,287 Mln

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