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LONDON, UK / ACCESSWIRE / January 29, 2018 / Active-Investors.com has just released a free earnings report on Crown Castle International Corp. (NYSE: CCI). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CCI. Crown Castle reported its fourth quarter fiscal 2017 operating and financial results on January 24, 2018. The operator of wireless communications towers, based in Houston, exceeded revenue expectations and raised its FY18 guidance. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for 8x8, Inc. (NYSE: EGHT), which also belongs to the Technology sector as the Company Crown Castle International. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Crown Castle International most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the three months ended December 31, 2017, Crown Castle's net revenue jumped 20% to $1.24 billion compared to revenues of $1.03 billion in Q4 2016. The Company's revenue numbers topped analysts' estimates of $1.15 billion.

On November 01, 2017, Crown Castle completed the acquisition of LTS Group Holdings LLC (Lightower). The acquisition contributed approximately $140 million, $83 million, and $79 million to site rental revenues, adjusted EBITDA and Adjusted Funds from Operations (AFFO), respectively in the reported quarter.

During Q4 2017, Crown Castle's Site rental revenues grew approximately 29% to $1.05 billion compared to site rental revenues of $817.38 million in Q4 2016, inclusive of approximately $44 million in organic contribution to site rental revenues plus $192 million in contributions from acquisitions and other items, partially offset by a $2 million reduction in straight-lined revenues.

For FY17, Crown Castle's net revenues came in at $4.36 billion compared to $3.92 billion in FY16. The Company's FY17 site rental revenues grew approximately 13% to $3.67 billion on a y-o-y basis, inclusive of approximately $160 million in organic contribution to site rental revenues plus $323 million in contributions from acquisitions and other items, partially less a $47 million reduction in straight-line revenues.

Crown Castle's net income attributable to common shareholders was $69.75 million, or $0.17 per diluted share, for Q4 2017 compared to net income attributable to the Company of $124.71 million, or $0.35 per diluted share, in Q4 2016. Crown Castle's Adjusted Funds from Operations (AFFO) totaled $511.8 million for Q4 2017 versus $406.4 million in the year ago corresponding period.

For FY17, Crown Castle posted net income of $445 million, up 25% compared to net income of $357 million in FY16.

Capital Expenditures and Acquisitions.

During Q4 2017, Crown Castle's capital expenditures were approximately $377 million, comprising of approximately $15 million of land purchases, approximately $25 million of sustaining capital expenditures and approximately $337 million of revenue generating capital expenditures.

During FY17, Crown Castle invested approximately $9 billion in acquisitions and approximately $1.2 billion in capital expenditures, inclusive of approximately $85 million of sustaining capital expenditures.

Outlook

For the first quarter of 2018, Crown Castle is forecasting site rental revenues in the range of $1.13 billion to $1.14 billion. The Company is expecting FFO in the band of $477 million to $487 million and its AFFO is estimated to be in the $538 million to $548 million range.

For full year 2018, Crown Castle is projecting site rental revenues to be in the range of $4.58 billion to $4.63 billion range. The Company is expecting FFO in the band of $1.97 billion to $2.01 billion and AFFO is expected to be between $2.22 billion and $2.26 billion.

Stock Performance Snapshot

January 26, 2018 - At Friday's closing bell, Crown Castle International's stock advanced 1.86%, ending the trading session at $110.63.

Volume traded for the day: 3.33 million shares, which was above the 3-month average volume of 2.18 million shares.

Stock performance in the last month ? up 1.52%; previous three-month period ? up 6.25%; last six-month period ? up 10.42%; and past twelve-month period ? up 25.70%

After last Friday's close, Crown Castle International's market cap was at $44.43 billion.

Price to Earnings (P/E) ratio was at 91.81.

The stock has a dividend yield of 3.80%.

The stock is part of the Technology sector, categorized under the Diversified Communication Services industry. This sector was up 1.6% at the end of the session.

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