SBA Communications Corporation Reports First Quarter 2019 Results; Updates Full Year 2019 Outlook
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SBA Communications (SBAC) Tops Q1 EPS by 1c, Revenues Beat; Raises FY19 Revenue, Adjusted EBITDA & AFFO Outlook
April 29, 2019 4:03 PM EDTSBA Communications (NASDAQ: SBAC) reported Q1 EPS of $0.23, $0.01 better than the analyst estimate of $0.22. Revenue for the quarter came in at $493.3 million versus the consensus estimate of $481.89 million.
Strong leasing and services resultsNet income of $26.0 million or $0.23 per shareAFFO per share growth of 14.6% over the year earlier period on a constant currency basisIncreased 2019 Outlook for Revenue, Adjusted EBITDA and AFFOWe had a great start to 2019, commented Jeffrey A. Stoops, President and CEO. Our customers rolled into the new year with the continued strong levels... More
