SBA Communications (SBAC) Misses Q2 EPS by 26c

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Go back to SBA Communications (SBAC) Misses Q2 EPS by 26c

SBA Communications Corporation Reports Second Quarter 2022 Results; Updates Full Year 2022 Outlook; and Declares Quarterly Cash Dividend

August 1, 2022 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, 2022.

Highlights of the second quarter include:

Net income of $69.2 million or $0.64 per share AFFO per share increased 16.3% over the prior year period Total revenue of $652.0 million, representing a 13.3% growth over the prior year period Entered into an agreement to purchase approximately 2,600 sites in Brazil

In addition, the Company announced today... More