SBA Communications Corporation Profit Climbs In Q3, but misses estimates

SBA Communications Corporation (SBAC) revealed earnings for its third quarter that increased from last year but missed the Street estimates.

The company's bottom line totaled $100.01 million, or $0.91 per share. This compares with $47.80 million, or $0.43 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.6% to $675.58 million from $589.31 million last year.

SBA Communications Corporation earnings at a glance (GAAP) :

-Earnings (Q3): $100.01 Mln. vs. $47.80 Mln. last year.
-EPS (Q3): $0.91 vs. $0.43 last year.
-Analyst Estimate: $0.94
-Revenue (Q3): $675.58 Mln vs. $589.31 Mln last year.

Full year EPS guidance: $2,616 to $2,636 Mln

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