SBA Communications Corporation Q3 adjusted earnings Beat Estimates

SBA Communications Corporation (SBAC) announced earnings for its third quarter that increased from the same period last year.

The company's profit came in at $22.57 million, or $0.20 per share. This compares with $21.68 million, or $0.19 per share, in last year's third quarter.

Excluding items, SBA Communications Corporation reported adjusted earnings of $270.09 million or $2.38 per share for the period.

Analysts had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.0% to $522.94 million from $507.55 million last year.

SBA Communications Corporation earnings at a glance:

-Earnings (Q3): $270.09 Mln. vs. $247.37 Mln. last year.
-EPS (Q3): $2.38 vs. $2.15 last year.
-Analysts Estimate: $0.46
-Revenue (Q3): $522.94 Mln vs. $507.55 Mln last year.

Full year EPS guidance: $9.27 - $9.50
Full year revenue guidance: $2,065 - $2,085 Mln

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