SBA Communications (SBAC) Misses Q4 EPS by 7c; AFFO Up 14%

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Go back to SBA Communications (SBAC) Misses Q4 EPS by 7c; AFFO Up 14%

SBA Communications Corporation Reports 4th Quarter 2016 Results; Provides Full Year 2017 Outlook

February 27, 2017 4:01 PM EST

BOCA RATON, Fla., Feb. 27, 2017 (GLOBE NEWSWIRE) -- SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended December 31, 2016.

Highlights of the fourth quarter include:

Repurchased 3.4 million sharesNet income of $5.3 million or $0.04 per shareAFFO per share growth of 14% over the year earlier periodGrew the portfolio to over 26,000 communication sites

We had a solid finish to 2016, commented Jeffrey A.... More