Investing.com - Crown Castle (NYSE:CCI) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Crown Castle announced earnings per share of $0.41 on revenue of $1.44B. Analysts polled by Investing.com anticipated EPS of $0.5 on revenue of $1.44B.
Crown Castle shares are up 22.29% from the beginning of the year , still down 1.67% from its 52 week high of $176.80 set on June 3. They are outperforming the S&P 500 which is up 0.86% from the start of the year.
Crown Castle shares gained 0.09% in after-hours trade following the report.
Crown Castle follows other major Services sector earnings this month
Crown Castle's report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.06 on revenue of $4.84B, compared to forecasts EPS of $1.03 on revenue of $4.82B.
Verizon had beat expectations on Friday with second quarter EPS of $1.18 on revenue of $30.45B, compared to forecast for EPS of $1.15 on revenue of $29.92B.
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