SBA Communications (SBAC) Surpasses Q1 FFO and Revenue Estimates

SBA Communications (SBAC) came out with quarterly funds from operations (FFO) of $3.16 per share, beating the Zacks Consensus Estimate of$ 3.12 per share. This compares to FFO of $3.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.28%. A quarter ago, it was expected that this communications tower operator would post FFO of$ 3.37 per share when it actually produced FFO of $3.47, delivering a surprise of 2.97%.Over the last four ...