SBA Communications (SBAC) Misses Q2 EPS by 10c, Revenues Beat; Provides FY20 Revenue Outlook

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Go back to SBA Communications (SBAC) Misses Q2 EPS by 10c, Revenues Beat; Provides FY20 Revenue Outlook

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

August 3, 2020 4:01 PM EDT

 

BOCA RATON, Fla.--(BUSINESS WIRE)-- SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended June 30, 2020.

Highlights of the second quarter include:

Net income of $22.8 million or $0.20 per share and site leasing revenue of $482.4 million AFFO per share growth of 14.8% over the year earlier period on a constant currency basis Tower Cash Flow and Adjusted EBITDA margins of 81.8% and 72.8%, respectively Subsequent to quarter end, issued $1.35 billion of Tower... More