Crown Castle Turns To Profit In Q4 - Quick Facts

(RTTNews) - Crown Castle International Corp. (CCI) reported fourth-quarter net income to shareholders of $137.07 million or $0.41 per share, compared to a loss of $34.91 million or $0.11 per share, prior year. Funds from Operations increased 118% to $390 million, compared to $179 million in the fourth quarter of 2013. FFO per share was $1.17, compared to $0.56. AFFO per share was $1.04, compared to $0.91 in the fourth quarter of 2014.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $1.05 for the quarter. Analysts' estimates typically exclude special items.

Net revenues increased to $967.56 million from $798.42 million last year. Analysts expected revenue of $931.77 million for the quarter.

The company expects first-quarter AFFO per share in the range of $1.09 to $1.10. Analysts expect the company to report first-quarter earnings per share of $1.08.

The company expects full year 2015 AFFO per share in the range of $4.33 to $4.39. Analysts expect the company to report full year 2015 earnings per share of $4.45.