SBA Communications Corporation Reports Third Quarter 2019 Results

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Go back to SBA Communications Corporation Reports Third Quarter 2019 Results

SBA Communications (SBAC) Misses Q3 EPS by 15c, Revenues Miss; Offers FY19 Revenue Outlook

October 28, 2019 4:15 PM EDT

SBA Communications (NASDAQ: SBAC) reported Q3 EPS of $0.19, $0.15 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $468.6 million versus the consensus estimate of $496.76 million.

Highlights of the third quarter include:

Strong operating results in both the leasing and site development businessesNet income of $21.8 million or $0.19 per shareAFFO per share growth of 12.0% over the year earlier periodClosed on South Africa transaction adding 889 towers

We had another solid performance in the third quarter, commented Jeffrey A. Stoops, President and Chief Executive Officer. Our customers, domestic... More