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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.