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SBACBearishEarningsnews
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SBA Communications (SBAC) Misses Q1 FFO and Revenue Estimates

Apr 29, 2024, 6:27 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

-SBA Communications reported FFO of $3.29 per share, slightly below estimates. -Revenues of $657.86 million for March 2024 quarter missed estimates by 1.87%. -SBA shares have declined 22.7% YTD, underperforming the S&P 500. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • SBA Communications reported FFO of $3.29 per share, slightly below estimates.
  • Revenues of $657.86 million for March 2024 quarter missed estimates by 1.87%.
  • SBA shares have declined 22.7% YTD, underperforming the S&P 500.

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