SBA Communications Corporation Reports First Quarter 2020 Results; Updates Full Year 2020 Outlook; and Declares Quarterly Cash Dividend

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Go back to SBA Communications Corporation Reports First Quarter 2020 Results; Updates Full Year 2020 Outlook; and Declares Quarterly Cash Dividend

SBA Communications (SBAC) Reports Q1 Revenues Beat; Lowers FY20 Revenue Outlook

May 5, 2020 4:07 PM EDT

SBA Communications (NASDAQ: SBAC) reported Q1 EPS of $, versus $0.40 reported last year. Revenue for the quarter came in at $517 million versus the consensus estimate of $513.61 million.

Highlights of the first quarter include:

Subsequent to quarter end, declared quarterly cash dividend of $0.465 per shareRepurchased 0.8 million shares at an average price per share of $243Committed to provide global COVID-19 relief through charitable contributions in each of our existing marketsNet loss of $127.1 million, resulting from $152.8 million non-cash, currency-related inter-company loan remeasurement adjustmentAFFO per share growth of 13.5% over... More