SBA Communications Q2 Loss Narrows - Quick Facts

(RTTNews) - SBA Communications Corp. (SBAC) reported a second-quarter net loss of $35.9 million or $0.28 per share, compared to a loss of $53.5 million or $0.44 per share last year. AFFO was $129.5 million or $1.00 per share in the second quarter of 2013.

On average, 17 analysts polled by Thomson Reuters expected the company to report a loss of $0.11 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues were $324.3 million, compared to $229.1 million prior year, an increase of 41.6%. Analysts expected revenue of $314.00 million for the quarter.

The company expects its third-quarter total revenues in the range of $314.5 million to $329.5 million; AFFO in the range of $123.5 million to $132.5 million. Analysts expect the company to report third-quarter revenue of $313.10 million.

The company now expects its full year 2013 revenues in the range of $1.27 billion to $1.29 billion, and AFFO in the range of $500.0 million to to $526.0 million. Analysts expect the company to report fiscal year 2013 revenues of $1.26 billion.