Sinclair Broadcast Group (SBGI) Declares $0.165 Quarterly Dividend; 2.1% Yield
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Sinclair Broadcast Group (SBGI) Tops Q3 EPS Views
November 4, 2015 7:32 AM ESTSinclair Broadcast Group (NASDAQ: SBGI) reported Q3 EPS of $0.45, $0.21 better than the analyst estimate of $0.24. Revenue for the quarter came in at $548.4 million versus the consensus estimate of $533.52 million.
Fourth Quarter 2015
Net broadcast revenues, before barter, are expected to be approximately $538.4 million to $547.4 million, down 1.7% to 3.3% year-over-year. Embedded in these anticipated results are:$10.0 million in political revenues as compared to $80.3 million in the fourth quarter of 2014.Barter and trade revenue are expected to be approximately $32.5 million in fourth quarter 2015.Barter expense is expected to be approximately $28.5... More