Crown Castle plunges after co cuts workforce amid lower annual rental revenue outlook

Shares of wireless tower operator Crown Castle CCI.N down 7% at $79.89 after the bell

Co reduces its tower and corporate workforce by around 20% and also forecast annual site rental revenue below estimates

Expects annual site rental revenue to be between $3.83 billion and $3.87 billion, below analysts expectations of $4.13 billion- data compiled by LSEG

Sees annual adjusted funds from operations of between $4.38 and $4.49 per share, compared with estimates of $4.93 per share

Posts Q4 rental revenue was $1.02 billion, compared with estimates of $1.01 billion

Stock fell 2% in 2025