SBA Communications Corp. (SBAC) posted a third quarter loss of $50.1 million or $0.43 per share, compared to a loss of $27.6 million or $0.26 per share in the prior year period.
On average, eleven analysts polled by Thomson Reuters expected the company to report a loss of $0.26 per share. Analysts' estimates typically exclude special items.
The company said the increase was primarily due to the loss from the early extinguishment of debt as well as an increase in interest expense.
Total revenues for the quarter were $139.3 million, compared to $118.7 million in the year earlier period. Ten Wall Street analysts expected revenues of $139.36 million.
Looking forward, for the fourth quarter, the company said it expects revenues in the range of $139.5 to $143.5 million. Street analysts expect revenues of $144.05 million.
For the full-year 2009, the company expects revenues in the range of $550.1 million to $554.1 million. Previously, the company estimated earnings in the range of $543.0 million to $561.0 million. Street analysts expect revenues of $554.46 million.
Full-year 2010 revenues are forecast to range from $587.0 million to $622.0 million. Street analysts expect earnings of $604.24 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.