Hot Stocks Of The Day (SBAC, SD, SUN, SWN)

SBA Communications Corporation (NASDAQ:SBAC) reported second-quarter funds from operations of $39.67 million from $46.17 million in the year ago quarter. Adjusted Funds from Operations increased 46.0% to $95.3 million in the second quarter. Net loss for the period was $53.5 million or $0.44 per share, as compared to a loss of $29.8 million or $0.27 per share in the year earlier period. Analysts expected the company to report a loss of $ 0.16 per share on revenues of $223.91 million for the quarter. Total revenues were $229.1 million, as compared to $171.1 million in the year earlier period. Shares of SBAC are up 1.78% to $59.50.

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Looking forward, the company expects third quarter of 2012 total revenues to be in the range of $231.0-$235.0 million and Adjusted EBITDA to be in the range of $144.0-$146.0 million. For fiscal 2012 it expects total revenues to be in the range of $881.0-$911.0 million and Adjusted EBITDA is expected to be in the range of $549.0-$569.0 million.

SandRidge Energy Inc. (NYSE:SD) shares fell 2.36% to $6.43 after the company posted second-quarter net profit of $808.98 million or $1.47 per share, as compared to $196.14 million or $0.42 per share in the same quarter last year. Adjusted income was $36.8 million or $0.07 per share. Total revenues grew to $478.43 million from $364.77 million in the prior-year quarter. Analysts expected the company to earn $0.01 per share on revenue estimate of $481.40 million for the quarter.

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Southwestern Energy Company (NYSE:SWN) reported a second-quarter loss of $488.1 million, or $1.40 a share, as compared with a year-earlier profit of $167.5 million, or $0.48 a share. Adjusted earnings were $0.26 a share, in line with analyst expectations. Revenue fell 22% to $599.7 million, below the $633 million estimate from analysts.

Looking forward, the company expects fiscal 2012 production to be in the range of approximately 560 Bcfe and 570 Bcfe.  Shares of SD are down 4.36% to $30.73.

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Sunoco, Inc. (NYSE:SUN) reported second-quarter net income of $248 million or $2.35 per share, as compared to a net loss of $125 million or $1.03 per share in the comparable quarter last year. Adjusted net income was $129 million or $1.22 per share, as compared to $20 million or $0.17 per share in the prior year quarter. Revenues increased to $12.23 billion from $11.32 billion in the prior year quarter. Analysts expected the company to report a loss of $0.48 per share on revenue estimate of $5.96 billion for the quarter.