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SBA Expected to Lose 47 Cents per Share

BOCA RATON, FL-Announcement of the operational results comes as a consensus of stock analysts tracked by Thompson/First Call shaved a penny off the company's second-quarter earnings forecast.

By David R. Corder | Updated on July 10, 2001

BOCA RATON, FL-SBA Communications Corp. added 415 new telecommunications towers to its portfolio during the second quarter this year, spending about $70 million to acquire 206 existing facilities.

The Boca Raton-based developer and operator of telecommunications towers announced Monday evening it now manages a portfolio of 3,254 towers as of the three months ended June 30. That is up from the 1,660 reported for the same period last year.

Announcement of the operational results comes as a consensus of stock analysts tracked by Thompson/First Call recently shaved a penny off the company’s second quarter earnings forecast. The company now is forecast to show a net loss of 47 cents a share for the second quarter.

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