Crown Castle Earnings beat, Revenue misses In Q4 By Investing.com

Crown Castle (NYSE:CCI) reported on Wednesday fourth quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.

Crown Castle announced earnings per share of $1.17 on revenue of $1.49B. Analysts polled by Investing.com anticipated EPS of $0.623 on revenue of $1.51B.

Crown Castle shares are down 5% from the beginning of the year and are trading at $160.00 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 1.74% from the start of the year.

Crown Castle shares gained 0.08% in after-hours trade the report.

Crown Castle follows other major Services sector earnings this month

Crown Castle’s report follows an earnings missed by Netflix on January 19, who reported EPS of $1.19 on revenue of $6.64B, compared to forecasts EPS of $1.36 on revenue of $6.62B.

Verizon had beat expectations on Tuesday with fourth quarter EPS of $1.21 on revenue of $34.69B, compared to forecast for EPS of $1.17 on revenue of $34.49B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar