SBA Communications (SBAC) Beats Q4 FFO and Revenue Estimates

SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.47 per share, beating the Zacks Consensus Estimate of$ 3.37 per share. This compares to FFO of $3.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 2.97%. A quarter ago, it was expected that this communications tower operator would post FFO of$ 3.32 per share when it actually produced FFO of $3.32, delivering no surprise.Over the last four quarters ...