SBA Communications Posts Q1 Loss - Quick Facts

(RTTNews) - SBA Communications Corporation (SBAC) reported a first-quarter net loss of $79.03 million or $0.61 per share, compared to profit of $1.41 million or $0.01 per share, prior year. The company noted that its net loss for the first quarter of 2015 included an $84.0 million loss on the currency related remeasurement of a U.S. dollar denominated intercompany loan with Brazilian subsidiary. AFFO per share was $1.41, for the quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $0.11 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $410.09 million from $345.55 million last year. Analysts expected revenue of $406.63 million for the quarter.

For its second-quarter, the company expects total revenues in the range of $403.0 million to $413.0 million. Analysts expect the company to report second-quarter revenue of $412.11 million.

For 2015, the company expects revenue in the range of $1.62 billion to $1.67 billion. Analysts expect the company to report 2015 revenue of $1.67 billion.