Crown Castle International Corp Q4 Profit Advances, but misses estimates

(RTTNews) - Crown Castle International Corp (CCI) announced earnings for its fourth quarter that increased from last year but missed the Street estimates.

The company's bottom line came in at $413 million, or $0.95 per share. This compares with $353 million, or $0.81 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.7% to $1.76 billion from $1.65 billion last year.