posted a fourth-quarter loss Thursday that widened over the year-ago period, but was, nonetheless, smaller than analysts were expecting. T
The company, which owns and operates wireless communications sites and broadcast transmissions networks, reported a net loss of $59 million, or 40 cents a share. Eight analysts queried by
First Call/Thomson Financial
were expecting a loss of 43 cents a share. In the year-ago quarter, Crown Castle lost $33 million, or 27 cents a share.
Crown Castle, which is based in Houston, reported revenue of $202 million, up from $114.2 million in the year-ago period.
The company said it expects revenue of $184 million to $205 million in the first quarter and $850 million to $900 million for the full year. The full-year forecast is well above analysts' estimates. Two analysts polled by First Call/Thomson Financial are expecting revenue of $777 million, on average, for 2001.
, Crown Castle lost 75 cents, or 2.8%, to $25.81 in recent trading.