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SBA Communications Corp Q1 Profit Retreats

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

The company's profit came in at $25.99 million, or $0.23 per share. This compares with $31.55 million, or $0.27 per share, in last year's first quarter.

Analysts had expected the company to earn $0.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.6% to $493.29 million from $458.30 million last year.

SBA Communications Corp earnings at a glance:

-Earnings (Q1): $25.99 Mln. vs. $31.55 Mln. last year.
-EPS (Q1): $0.23 vs. $0.27 last year.
-Analysts Estimate: $0.22
-Revenue (Q1): $493.29 Mln vs. $458.30 Mln last year.

-Guidance:
Full year revenue guidance: $1943.0 - 1983.0 Mln

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