SBA Communications Q4 Loss Narrows; Lifts FY14 Revenue Outlook

(RTTNews) - SBA Communications Corp. (SBAC) Tuesday reported fourth-quarter net loss attributable to the company of $19.2 million or $0.15 per share, narrower than $52.5 million or $0.42 per share last year.

On average, 16 analysts polled by Thomson Reuters expected a loss of $0.05 per share for the quarter. Analysts' estimates typically exclude special items.

AFFO increased 23.1% to $139.1 million in the fourth quarter of 2013 compared to $112.9 million in the year earlier period. AFFO per share increased 21.6% to $1.07 in the fourth quarter of 2013 compared to $0.88 in the year earlier period.

Total revenues for the fourth quarter rose 14.0 percent to $335.40 million from $293.84 million in the year earlier period. Analysts estimated revenues of $332.58 million for the quarter.

Looking forward to the first quarter, the company expects total revenues of $327.5 million to $337.5 million. Analysts currently estimate revenues of $337.57 million for the quarter.

For the full year 2014, the company now expects revenues of $1.40 billion to $1.44 billion, up from prior range of $1.35 billion to $1.39 billion. Analysts currently estimate revenues of $1.40 billion for the year.