Crown Castle International (CCI) NewsBite - CCI Rises Despite Q3 Loss

Crown Castle International (NYSE: CCI) opened at $32.38. So far today, the stock has hit a low of $31.92 and a high of $34.27. CCI is now trading at $32.74, up $1.15 (3.64%). Over the last 52 weeks the stock has ranged from a low of $8.75 to a high of $35.00. CCI reported earnings last night, posting a third-quarter loss of $36.8 million, or 13 cents per share, missing analysts' forecasts of a 4-cent loss. However, shares of the stock are rising, as CCI's Q3 revenue came in at $429.1 million, beating analysts' estimates of $419 million. Additionally, CCI forecast fiscal 2010 earnings to range between a loss of 6 cents per share and a profit of 24 cents per share. Analysts are expecting a profit of 9 cents per share in 2010. Technical indicators for the stock are bullish and S&P gives CCI a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on CCI the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 25 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

Related terms: earnings, forecasts, nyse, profit, revenue, S&P