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Crown Castle International Corp Issues Q1 2013 FFO Guidance In Line With Estimates; Issues Q1 2013 EBITDA Guidance Below Analysts' Estimates; Raises FY 2013 Guidance


Wednesday, 23 Jan 2013 04:01pm EST 

Crown Castle International Corp announced that for first quarter of 2013, it expects adjusted EBITDA in then range of $423 million to $428 million, funds from operations in the range of $195-$200 million, AFFO per share in the range of $0.89-$0.90 and net income (loss) in the range of $(17)-$23 million and net income (loss) per share diluted in the range of $(0.06)-$0.08. The Company raised fiscal 2013 guidance and expects adjusted EBITDA in then range of $1.691-$1.706 billion, funds from operations in the range of $928-$943million, AFFO per share in the range of $3.65-$3.70 and net income (loss) in the range of $58-$159 million and net income (loss) per share diluted in the range of $0.20-$0.54. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $429 million and FFO of $0.90 for first quarter of 2013; FFO of $3.52 for fiscal 2013. 

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