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SBA Communications Corp. (SBAC) Is Rising After Posting Q1 Profit

SBA Communications Corp. (SBAC) reported first quarter EPS of $0.01 after the bell Thursday, compared to the loss of $0.18 in the previous year. Analysts expected a loss of $0.05. The company also raised its full year 2014 revenue outlook to a range of $1.447 billion to $1.487 billion from its prior outlook of $1.40 billion to $1.44 billion. The consensus estimate is for revenues of $1.43 billion.

SBA Communications gapped open higher Friday and is now up 4.38 at $94.94 in early trade. The stock has climbed to a month and a half high and has re-crossed its 50-day moving average.

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