Crown Castle International Corp
Change company Symbol lookup
Select an option...
CCI Crown Castle International Corp
DOC Physicians Realty Trust
CYDVF Cypress Development Corp
KEYS Keysight Technologies Inc
HBAN Huntington Bancshares Inc
MMP Magellan Midstream Partners LP
VTI Vanguard Total Stock Market Index Fund ETF Shares
SKX Skechers USA Inc
RMGCW RMG Acquisition Equity III Warrant Exp 08 Feb 2026 *W EXP 02/08/2026
IKNA Ikena Oncology Inc

Real Estate : Equity Real Estate Investment Trusts (REITs) | Large Cap Blend
Company profile

Crown Castle International Corp. is a real estate investment trust, which owns, operates and leases cell towers and route miles of fiber supporting small cells and fiber solutions across United States market. The Company's segments include Towers and Fiber, which includes both small cells and fiber solutions. Its business is providing access, including space or capacity, to its shared communications infrastructure via long-term contracts in various forms, including lease, license, sublease and service agreements. The Towers segment provides access, including space or capacity to its towers, which are geographically dispersed throughout the United States. The towers segment also reflects certain network services relating to its towers. The Fiber segment provides access, including space or capacity, to its route miles of fiber primarily supporting small cell networks and fiber solutions geographically dispersed throughout the United States.

Closing Price
Day's Change
0.00 (0.00%)
B/A Size
Day's High
Day's Low

10-day average volume:

'Fighting inflation is in our DNA': Walmart says its pricing and inventory can deliver for the holidays

4:07 pm ET November 17, 2021 (MarketWatch)

By Tonya Garcia

Walmart reports earnings that beat expectations and raises its outlook, though stock slips more than 2%

Walmart Inc. says it is prepared to overcome widespread COVID-related challenges this holiday season thanks to its long history dealing with similar problems and some new tools that are keeping its systems running smoothly.

Walmart (WMT) reported third-quarter earnings and revenue that beat Street estimates on Tuesday, and raised its full-year profit guidance. And while supply chain bottlenecks have delayed the movement of goods around the world, Walmart says its U.S. inventory is up 11.5% ahead of the holidays.

"Fighting inflation is in our DNA," said Doug McMillon, chief executive of Walmart, on the earnings call, according to a FactSet transcript.

"Walmart has served customers across economic cycles for more than 50 years."

McMillon highlighted Walmart's efforts to maintain speedy delivery, and its broader initiatives, like Walmart GoLocal, the "delivery-as-a-service" business that counts Home Depot Inc. (HD) as a partner.

See: Home Depot teams up with Walmart's GoLocal for speedy delivery service

Walmart was among the large retailers like included Home Depot, Target Corp. (TGT) and others that chartered their own ships to transport merchandise as bottlenecks snarled traffic at ports and elsewhere in the supply chain.

Also: Walmart, Target, Home Depot and other large retailers are chartering ships to bypass supply chain problems. Will the strategy save Christmas?

In addition, the company has an advertising arm and Walmart Luminate, which launched in the U.S. and provides data and insight to merchants and suppliers, that it says are showing results.

"Stores and fulfillment centers are well staffed, and our price position remains strong," said Brett Biggs, Walmart's chief financial officer, on the call.

"Customers should expect to find the items they want at great values, and we are ready to serve them however they want to shop."

Even with these additional areas of business, Walmart's bread and butter remains robust.

"Grocery sales were up nearly 10% as strong unit growth and low-to-mid-single-digit inflation benefited results," Biggs said.

"In fact, food sales grew $3.6 billion during Q3 which is the strongest quarterly growth in six quarters."

BMO Capital Markets analysts highlighted the grocery market share gains in its post-earnings note. BMO rates Walmart stock outperform with a $170 price target.

Read: U.S. retail sales jump 1.7%, but high inflation plays role

Brent Ramos, director of product and services at marketing insight and analytics firm Adswerve, says the retail giant's focus on data is helping it to grow.

"From shoppable live streams this holiday season to sponsored recipes on social media platforms and upgrading its online holiday delivery services, Walmart has been able to drive a constant stream of traffic and engagement to its site and app," Ramos said.

CFRA rates Walmart stock buy with a $169 price target.

"Walmart is navigating the tough supply chain environment well[...] which should result in a strong holiday season," Arun Sundaram wrote.

"We expect market share gains to continue since Walmart's price gap versus competition typically widens during periods of heightened inflation."

Despite the positive results, Walmart shares slipped 2.6% in Tuesday trading. The stock is down 1.5% for the year to date.

The Dow Jones Industrial Average has gained 17.4% for 2021 so far.

-Tonya Garcia


(END) Dow Jones Newswires

November 17, 2021 16:07 ET (21:07 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2022 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2022. All rights reserved.