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Crown Castle International Corp Raises FY 2013 Guidance; Issues Q4 2013 Guidance Above Analysts' Estimates


Monday, 21 Oct 2013 05:30am EDT 

Crown Castle International Corp announced that for fiscal 2013, it has increased the midpoint of previously issued guidance on July 24, 2013, of adjusted EBITDA in the range of $1.750 to $1.760 billion, by $14 million to $1.766 to $1.771 billion, FFO of $1.033 to $1,038 billion, AFFO of $1.230 to $1.235 billion, AFFO per share $4.22 to $4.24, net Loss of $147 to $187 million, and net income (loss) per share diluted in the range $0.50 to $0.64. For the Fourth quarter of 2013, it expects adjusted EBITDA in the range of $441 to $446 million, FFO in the range of $271 to $276 million, AFFO in the range of $318 to $323 million, AFFO per share in the range of $1.09 to $1.11, net income (loss) in the range $29 to $69 million and net income (loss) per share diluted in the range $0.10 to $0.24. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBITDA of $1.771 billion and AFFO per share of $4.04 for fiscal 2013; EBITDA of $435.44 million and AFFO per share of $1.02 for the fourth quarter of 2013. 

Company Quote

79.48
-0.52 -0.65%
22 Aug 2014