Sinclair Reports Year-To-Date Growth; Reports Third Quarter 2017 Financial Results
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Sinclair Broadcast Group (SBGI) Misses Q3 EPS by 9c, Offers Outlook
November 1, 2017 7:35 AM EDTSinclair Broadcast Group (NASDAQ: SBGI) reported Q3 EPS of $0.30, $0.09 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $670.9 million versus the consensus estimate of $673.59 million.
Fourth Quarter 2017
Media revenues, before barter, are expected to be approximately $682.3 million to $684.3 million, down 5.8% to 6.1% year-over-year due to the absence of political revenues in a non-presidential election year.Embedded in the 2017 anticipated results are approximately $10.0 million in political revenues as compared to $113.2 million... More