SBA Communications Corporation Reports Second Quarter 2018 Results

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Go back to SBA Communications Corporation Reports Second Quarter 2018 Results

SBA Communications (SBAC) Reports Q2 Revenues Slightly Below Consensus; Offers FY18 Revenue Outlook

July 30, 2018 4:03 PM EDT

SBA Communications (NASDAQ: SBAC) reported Q2 EPS of ($0.50), versus $0.18 reported last year. Revenue for the quarter came in at $456.3 million versus the consensus estimate of $457.43 million.

Net loss for the second quarter of 2018 was $57.4 million, or $(0.50) per share, and included a $58.7 million loss, net of taxes, on the currency related remeasurement of U.S. dollar denominated intercompany loans with a Brazilian subsidiary, while net income for the... More