SBA Communications Corporation Reports Third Quarter 2019 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/19/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
SBA Communications (SBAC) Misses Q3 EPS by 15c, Revenues Miss; Offers FY19 Revenue Outlook
October 28, 2019 4:15 PM EDTSBA Communications (NASDAQ: SBAC) reported Q3 EPS of $0.19, $0.15 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $468.6 million versus the consensus estimate of $496.76 million.
Highlights of the third quarter include:
Strong operating results in both the leasing and site development businessesNet income of $21.8 million or $0.19 per shareAFFO per share growth of 12.0% over the year earlier periodClosed on South Africa transaction adding 889 towersWe had another solid performance in the third quarter, commented Jeffrey A. Stoops, President and Chief Executive Officer. Our customers, domestic... More
