SBA Comms Q2 2024 FFO $3.29 Beats $3.28 Estimate, Sales $660.50M Miss $665.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
SBA Communications (NASDAQ:SBAC) reported Q2 2024 earnings per share (FFO) of $3.29, slightly beating the analyst estimate of $3.28. However, the company's sales of $660.50 million missed the $665.12 million estimate and were down 2.65% from the same period last year.
July 29, 2024 | 8:03 pm
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SBA Communications reported Q2 2024 earnings per share of $3.29, slightly above the $3.28 estimate. However, sales of $660.50 million missed the $665.12 million estimate and were down 2.65% year-over-year.
While the earnings per share slightly beat estimates, the miss on sales and the year-over-year decline in revenue could neutralize the positive impact of the earnings beat. Investors may have mixed reactions, leading to a neutral short-term price impact.
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RELEVANCE 100