SBA Comms Q3 2024 AFFO $3.32 Beats $3.31 Estimate, Sales $667.600M Miss $669.813M Estimate
Portfolio Pulse from Benzinga Newsdesk
SBA Communications (NASDAQ:SBAC) reported Q3 2024 earnings per share of $3.32, slightly beating the estimate of $3.31. However, sales were $667.6 million, missing the $669.813 million estimate and showing a 2.19% decrease from the previous year.
October 28, 2024 | 8:01 pm
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SBA Communications reported Q3 2024 earnings per share of $3.32, slightly above estimates, but sales of $667.6 million missed expectations and decreased 2.19% year-over-year.
The earnings per share slightly beat expectations, which is positive, but the sales miss and year-over-year decline could offset this. The mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100