SBA Communications (SBAC) Misses Q3 EPS by 26c, Revenues Miss; Raises FY20 Revenue Outlook
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SBA Communications Corporation Reports Third Quarter 2020 Results; Updates Full Year 2020 Outlook; and Declares Quarterly Cash Dividend
November 2, 2020 4:01 PM ESTBOCA RATON, Fla.--(BUSINESS WIRE)-- SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended September 30, 2020.
Highlights of the third quarter include:
Net income of $22.6 million or $0.20 per share and site leasing revenue of $486.8 million AFFO per share growth of 15.3% over the year earlier period on a constant currency basis Repurchased 1.0 million shares cumulatively in the third quarter and subsequent to quarter end Increased full year 2020 outlook for Revenue, Tower Cash... More