Crown Castle postponed its earnings report to reveal an $8.5 billion asset sale intended to lower debt and buy back shares, which may make the company less appealing. Although they slightly exceeded revenue expectations, their Q4 2024 results showed drops in important areas and a large goodwill impairment charge, resulting in a downgrade from 'strong buy' to 'buy'. While the asset sale will help reduce debt and support share buybacks, the disappointing proceeds mean the stock may seem pricier after the deal.
The strategic review has been completed successfully, resulting in an agreement to sell small cells and fiber solutions for $8.5 billion.
Crown Castle Inc. (CCI) will announce its financial results for the fourth quarter after the market closes on Thursday, March 13.
HOUSTON, March 12, 2025 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) has decided to move the release of its fourth quarter 2024 results to Thursday, March 13, 2025, after the market closes. The company is currently looking into different strategic options for its Fiber segment. Because of the extensive work involved in this review, Crown Castle has also changed the timing of its conference call to Thursday, March 13, 2025, at 5:00 p.m. eastern time.
LOS ANGELES, March 12, 2025 (GLOBE NEWSWIRE) -- Crown Electrokinetics Corp. (OTC: CRKN) ("Crown" or the "Company”), a top provider of advanced technology solutions that support communities and the environment, has released a letter to shareholders from its CEO and Chairman, Doug Croxall.
Inspired by generosity, the award-winning whisky collaborated with Houston legends Bun B and Luke Cosby, co-founder of PURPLE BRAND, to launch a special collection celebrating rodeo style. On Black Heritage Day (March 7), Crown Royal made a return to the Houston Livestock Show and Rodeo™, marking the 2025 opening weekend as a significant celebration of Houston's culture. As a proud sponsor of RODEOHOUSTON®, the whisky brand brought back the Crown Royal Saloon & Showroom to NRG Park.
The high interest costs and reliance on a few customers probably affected CCI's results for the fourth quarter, even though it has a strong collection of wireless communication infrastructure assets.
Crown (CCK) shared its earnings report 30 days ago. What can we expect for the stock moving forward?
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LONDON, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Crown LNG Holdings Limited (Nasdaq: CGBS) is a top provider of LNG liquefaction and regasification terminal technologies designed for extreme weather conditions. Today, they announced that they have signed a Memorandum of Understanding (MOU) with the India Gas Exchange Ltd. (IGX), which is India's first automated national trading platform.