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Global Signal reports third-quarter profits.(BUSINESS)
Byline: MICHAEL POLLICK michael.pollick@heraldtribune.com
SARASOTA COUNTY -- Global Signal, the newly created real estate investment trust that took over the communications towers of Pinnacle Towers, says third- quarter net profits totaled $6.3 million.
Global Signal's net income for the latest quarter was $6.3 million or 12 cents per share on revenues of $46.6 million. The company has 53.2 million shares outstanding.
For the first nine months of the year, Global netted $5.8 million or 13 cents per share on revenue of $134 million.
The Sarasota-based company, which manages more than 3,300 wireless communications towers and sites around the …
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