Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Business / Technology


Our network sites seattletimes.com | Advanced

Originally published Tuesday, May 4, 2010 at 2:25 PM

Comments (0)     E-mail E-mail article      Print Print      Share Share

SBA Communications widens 1Q loss, expenses rise

SBA Communications Corp., which leases cell phone towers to wireless providers, said Tuesday its first-quarter loss widened as its expenses rose.

The Associated Press

BOCA RATON, Fla. —

SBA Communications Corp., which leases cell phone towers to wireless providers, said Tuesday its first-quarter loss widened as its expenses rose.

For January through March, SBA's net loss was $37.3 million, or 32 cents per share. A year ago, its net loss totaled $17.9 million, or 15 cents per share.

Analysts surveyed by Thomson Reuters forecast a smaller loss of 24 cents per share.

The company's operating expenses increased 9 percent to $131.1 million.

Other expenses, including interest expense and non-cash interest expense, rose 69 percent to $54.2 million.

Revenue rose 10 percent to $148 million from $135.1 million in the same period last year, slightly more than the $147 million analysts were expecting.

For the current quarter, which ends June 30, SBA said it expects revenue of $149 million to $153 million. Analysts are looking for $150.6 million in revenue.

The company also forecast full-year revenue of $600.5 million to $625 million, compared with Wall Street's forecast for $614 million.

E-mail E-mail article      Print Print      Share Share

More Business & Technology

UPDATE - 09:46 AM
Exxon Mobil wins ruling in Alaska oil spill case

UPDATE - 09:32 AM
Bank stocks push indexes higher; oil prices dip

UPDATE - 08:04 AM
Ford CEO Mulally gets $56.5M in stock award

UPDATE - 07:54 AM
Underwater mortgages rise as home prices fall

NEW - 09:43 AM
Warner Bros. to offer movie rentals on Facebook

More Business & Technology headlines...

Comments
No comments have been posted to this article.

advertising


Get home delivery today!

Video

Advertising

AP Video

Entertainment | Top Video | World | Offbeat Video | Sci-Tech

Marketplace

Advertising