SBA Communications Corp (SBAC) Tops Q1 FFO by 3c

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Go back to SBA Communications Corp (SBAC) Tops Q1 FFO by 3c

SBA Communications Corporation Reports 1st Quarter 2016 Results; Provides 2nd Quarter and Updated Full Year 2016 Outlook

May 2, 2016 4:01 PM EDT

BOCA RATON, Fla., May 02, 2016 (GLOBE NEWSWIRE) -- SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended March 31, 2016. Highlights of the results include:

Steady growth of AFFO per share on a constant currency basisAdjusted EBITDA Margin exceeds 70%Continued stock repurchasesPurchased or built 188 new communications sites

We had a strong first quarter, exceeding the high end of our guidance on many financial metrics, commented... More