SBA Communications Reports Third-Quarter Revenue of $713.92 Million, EPS of $2.19
The company’s revenue and earnings declined year over year as weaker domestic leasing and site development outweighed international leasing growth. Lower tax expense and a debt-related gain also affected earnings.
SBA Communications’ revenue and earnings declined year over year in the third quarter. Domestic site leasing and site development weakness, including carrier-related lease non-renewals and reduced carrier activity, outweighed international site leasing growth; lower tax expense and a gain on debt-r…