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SBA Communications Corp Issues Q4 2013 Outlook Above Analysts' Estimates; Raises FY 2013 Outlook; Issue FY 2014 Mixed Outlook


Monday, 4 Nov 2013 04:01pm EST 

SBA Communications Corp announced that it is providing its fourth quarter 2013 outlook, updating its fiscal outlook, and providing its initial 2014 outlook for anticipated results. For the fourth quarter of 2013, it expects total revenue to be in the range of $324.0-$339.0 million and adjusted EBITDA in the range of $201.0-$206.0. For fiscal 2013 guidance, the Company expects total revenue to be in the range of $1.294-$1.309 billion and adjusted EBITDA in the range of $788.8-$793.8 million. For fiscal 2014, the Company expects total revenue to be in the range of $1.347-$1.387 billion and adjusted EBITDA in the range of $876.0-$896.0 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $323.6 million and EBITDA of $199.7 million for the fourth quarter of 2013; revenue of $1.284 billion and EBITDA of $772.3 million for fiscal 2013; and revenue of $1.389 billion and EBITDA of $868.7 million for fiscal 2014. 

Company Quote

112.46
-0.39 -0.35%
3:45pm EDT