SBA Communications (SBAC) Misses Q3 EPS by 12c

SBA Communications (NASDAQ: SBAC) reported Q3 EPS of ($0.13), $0.12 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $393.3 million versus the consensus estimate of $386.5 million.

AFFO increased 29.4% to $173.8 million in the third quarter of 2014 compared to $134.3 million in the year earlier period. AFFO per share increased 27.9% to $1.33 in the third quarter of 2014 compared to $1.04 in the year earlier period. AFFO for the third quarter includes a non-recurring benefit of $7.4 million for coupon interest expense not required to be paid upon conversion of our 4.0% Convertible Senior Notes (the "4.0% Notes").

For earnings history and earnings-related data on SBA Communications (SBAC) click here.

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