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Crown Castle International Corp Q4 Profit Advances, but misses estimates

Crown Castle International Corp (CCI) announced earnings for its fourth quarter that increased from last year but missed the Street estimates.

The company's bottom line came in at $413 million, or $0.95 per share. This compares with $353 million, or $0.81 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.7% to $1.76 billion from $1.65 billion last year.

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

-Earnings (Q4): $413 Mln. vs. $353 Mln. last year.
-EPS (Q4): $0.95 vs. $0.81 last year.
-Analyst Estimate: $0.98
-Revenue (Q4): $1.76 Bln vs. $1.65 Bln last year.

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