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Crown Castle International Corp Profit Climbs In Q2, Beats estimates

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

The company's earnings totaled $421 million, or $0.97 per share. This compares with $334 million, or $0.77 per share, in last year's second quarter.

Analysts on average had expected the company to earn $0.96 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.5% to $1.73 billion from $1.58 billion last year.

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

-Earnings (Q2): $421 Mln. vs. $334 Mln. last year.
-EPS (Q2): $0.97 vs. $0.77 last year.
-Analyst Estimate: $0.96
-Revenue (Q2): $1.73 Bln vs. $1.58 Bln last year.

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

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