Crown Castle International Corp. (CCI) reported net income for the first quarter of $112 million or $0.34 per share, compared to $91 million or $0.27 per share for the yar-ago quarter.
Funds from Operations for the first quarter increased 11% to $373 million or $1.12 per share in the first quarter, compared to $338 million or $1.01 per share in the prior year quarter.
Adjusted Funds from Operations increased 10% to $383 million or $1.15 per share in the first quarter of 2015, compared to $349 million or $1.05 per share in the first quarter of last year.
Total revenues for the first quarter rose 7% to $941 million from $876 million a year earlier.
Analysts polled by Thomson Reuters expected the company to report FFO of $1.09 per share on revenue of $936.52 million for the first quarter. Analysts' estimates typically exclude special items.
Looking forward to the second quarter, the company forecasts adjusted FFO of $1.04 to $1.06 per share.
For the full year 2015, the company now forecasts adjusted FFO of $4.34 to $4.39 per share, compared to its prior guidance of $4.33 to $4.39 per share.
Analysts currently expect the company to report FFO of $1.09 per share for the second quarter and $4.40 per share for the full year 2015.
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