What caused CLSD's drastic Q1 earnings miss?

Crown Castle's (CLSD) Q1 earnings miss can be attributed to several key factors: 1. **Increased Costs from Network Deployment**: The company incurred higher costs related to the deployment of networks, which negatively impacted its margins. This was a result of the increased investment in infrastructure to support the growing demand for network services. 2. **Higher Interest Expenses**: Crown Castle's interest expenses increased significantly, contributing to the earnings shortfall. This was due to the higher debt levels associated with financing the company's expansion and network deployment projects. In summary, Crown Castle's Q1 earnings miss was primarily driven by increased costs from network deployment and higher interest expenses. These factors combined to create a challenging financial environment for the company during the period.