SBA Communications Corporation Reports Second Quarter 2021 Results; Updates Full Year 2021 Outlook; and Declares Quarterly Cash Dividend

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Go back to SBA Communications Corporation Reports Second Quarter 2021 Results; Updates Full Year 2021 Outlook; and Declares Quarterly Cash Dividend

SBA Communications (SBAC) Tops Q2 EPS by 69c

August 2, 2021 4:06 PM EDT

SBA Communications (NASDAQ: SBAC) reported Q2 EPS of $1.37, $0.69 better than the analyst estimate of $0.68. Revenue for the quarter came in at $575.5 million versus the consensus estimate of $558.05 million.

Our second-quarter performance was our best in quite some time, stated Jeffrey Stoops, President and CEO. US wireless carrier activity increased substantially in the quarter. Domestically, we produced record services revenue, we had the highest revenue added per tower based on signed leases and amendments since 2014, and our leasing and services backlogs were at multi-year... More