earnings
confidence low
sentiment negative
materiality 0.70
Crown Castle cuts FY2024 net income outlook by 12%; holds revenue and EBITDA guidance
CROWN CASTLE INC.
2024-Q3 EPS reported
$1.99
revenue$4,919,000,000
- Net income guidance midpoint reduced to $1,020M ($2.35 diluted EPS) from $1,158M ($2.67), a 12% decrease.
- Site rental revenues outlook unchanged at $6,340M, down 3% YoY from FY2023 actual $6,532M.
- Adjusted EBITDA outlook held at $4,168M, down 6% YoY from FY2023 actual $4,415M.
- AFFO per share outlook $6.97, flat sequentially but down 8% from FY2023 actual $7.55.
- Previous FY2024 outlook issued on July 17, 2024; only net income revised lower.