Sinclair Broadcast Group (SBGI) Declares $0.18 Quarterly Dividend; 2.2% Yield
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Sinclair Broadcast Group (SBGI) Tops Q1 EPS by 1c; Offers Q2, FY16 Outlook
May 4, 2016 7:41 AM EDTSinclair Broadcast Group (NASDAQ: SBGI) reported Q1 EPS of $0.25, $0.01 better than the analyst estimate of $0.24. Revenue for the quarter came in at $578.9 million versus the consensus estimate of $569.43 million.
Three Months Ended March 31, 2016 Operating Highlights:
Media revenues, before barter, increased 14.3% to $531.3 million versus $464.8 million in the first quarter of 2015. Political revenues were $24.4 million versus $2.2 million in the first quarter of 2015. Revenues from our digital offerings increased 28.1% in the first quarter as compared to the first quarter of 2015.Guidance:
Second Quarter... More
