Crown Holdings Pops On Fizzy Q2 Results And Guidance
Crown Holdings reported higher-than-expected earnings per share and adjusted earnings per share for the second quarter of 2024. Despite a decline in revenue, the company's profitability metrics improved, including an increase in net income and adjusted earnings per share. Management raised earnings guidance for 2024, sending shares up about 5.9% in after-hours trading. CCK remains attractively priced relative to similar enterprises.
Crown (CCK) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Crown (CCK) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Crown Holdings (CCK) Beats Q2 Earnings Estimates
Crown Holdings (CCK) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.59 per share. This compares to earnings of $1.68 per share a year ago.
These Analysts Raise Their Forecasts On Crown Castle After Q2 Results
Crown Castle Inc. CCI posted weak results for its second quarter on Wednesday.
Crown Fiber Awarded an Additional Segment on Nevada Backbone Project
LOS ANGELES, CA / ACCESSWIRE / July 15, 2024 / Crown Electrokinetics Corp. (NASDAQ:CRKN) ("Crown" or the "Company"), a leading smart glass technology company and an expert in constructing fiber optic networks, today announced that it has been awarded an additional segment under its current agreement in Nevada which commenced in May. This work complements, and is an extension of, an ongoing large backbone long haul fiber project that includes horizontal drilling and plowing work.
Crown Castle: Unlikely To Disappoint With Q2 Earnings Release
CCI remains a "Buy" before Q2 earnings release due to positive recent past performance, upgraded FFO guidance, and cost-saving initiatives. Recent earnings show revenue and FFO declines, but management's cost efficiency plan and upgraded guidance indicate safety in dividend yield. Valuation analysis suggests 23% upside potential, making CCI a compelling investment with long-term growth prospects.
Zacks Initiates Coverage of Crown Crafts With Neutral Recommendation
Discover why Zacks rates Crown Crafts as "Neutral", being the first on Wall Street to initiate coverage on the stock. Explore CRWS' strategic initiatives and financial health amid market challenges.
Crown Castle: Value Trap?
The REIT sector has grown significantly since 2011 when the IRS classified cell towers as real property. Crown Castle has underperformed peers American Tower and SBA Communications since 2017. New CEO Steven Moskowitz aims to improve performance, but challenges persist in Q2-24 with revenue expected to decline.
Crown Castle: Mr. Market Is Wrong About This One
Patience is key for investment success, especially with companies like Crown Castle undergoing significant changes. Despite recent declines in revenue, profits, and cash flows, Crown Castle remains undervalued compared to similar firms. Operational changes and cost-saving measures by management indicate the potential for strong value creation in the future.
Crown Electrokinetics Issues Letter to Shareholders
LOS ANGELES, CA / ACCESSWIRE / June 26, 2024 / Crown Electrokinetics Corp. (NASDAQ:CRKN) ("Crown" or the "Company"), a leading smart glass technology company and an expert in constructing fiber optic networks, today released the following letter to its shareholders. Dear Fellow Shareholders, This letter is an update to investors regarding Crown's Nasdaq listing and operational updates for the Electrokinetic Film and Fiber Construction Divisions.
Crown Fiber Announces Commencement of Work in Oregon Across Four New Customers
LOS ANGELES, CA / ACCESSWIRE / June 25, 2024 / Crown Electrokinetics Corp. (NASDAQ:CRKN) ("Crown" or the "Company"), a leading smart glass technology company and an expert in constructing fiber optic networks, today announced that its Crown Fiber Optics division has commenced work in Oregon. The new opportunity is made up of both fiber construction, and underground power infrastructure.
Did Amazon Just Crown Nvidia as King of Artificial Intelligence?
Amazon made some remarkable comments regarding Nvidia's AI capabilities.
