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SBA Communications Corp Q1 adjusted earnings Beat Estimates

SBA Communications Corp (SBAC) released earnings for first quarter that dropped from the same period last year.

The company's profit came in at $31.55 million, or $0.27 per share. This compares with $37.60 million, or $0.31 per share, in last year's first quarter.

Excluding items, SBA Communications Corp reported adjusted earnings of $218.38 million or $1.85 per share for the period.

Analysts had expected the company to earn $0.20 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.3% to $458.30 million from $423.36 million last year.

SBA Communications Corp earnings at a glance:

-Earnings (Q1): $218.38 Mln. vs. $206.29 Mln. last year.
-EPS (Q1): $1.85 vs. $1.69 last year.
-Analysts Estimate: $0.20
-Revenue (Q1): $458.30 Mln vs. $423.36 Mln last year.

Full year EPS guidance: $7.25 - $7.66
Full year revenue guidance: $1,827 - $1,867 Mln

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