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

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

SBA Communications (SBAC) Misses Q3 EPS by 26c, Revenues Miss; Raises FY20 Revenue Outlook

November 2, 2020 4:08 PM EST

SBA Communications (NASDAQ: SBAC) reported Q3 EPS of $0.20, $0.26 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $486.8 million versus the consensus estimate of $516.06 million.

Highlights of the third quarter include:

Net income of $22.6 million or $0.20 per share and site leasing revenue of $486.8 millionAFFO per share growth of 15.3% over the year earlier period on a constant currency basisRepurchased 1.0 million shares cumulatively in the third quarter and subsequent to quarter endIncreased full year 2020 outlook for Revenue, Tower Cash Flow, Adjusted EBITDA, and... More