Crown Castle posts larger-than-expected 3Q loss

HOUSTON—Crown Castle International Corp., which owns and operates cell phone towers, on Tuesday reported a third-quarter loss roughly flat with year-ago results, as higher sales failed to offset growing costs.

After paying preferred dividends, the Houston-based company lost $36.8 million, or 13 cents per share, in the most recent quarter, compared with a loss of $37.4 million, or 13 cents per share, a year earlier.

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