Sinclair Broadcast Group (SBGI) Declares $0.18 Quarterly Dividend; 2% Yield
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Sinclair Broadcast Group (SBGI) Tops Q2 EPS by 3c, Beats on Revenues
August 2, 2017 7:35 AM EDTSinclair Broadcast Group (NASDAQ: SBGI) reported Q2 EPS of $0.43, $0.03 better than the analyst estimate of $0.40. Revenue for the quarter came in at $679.2 million versus the consensus estimate of $675.77 million.
The Company currently expects to achieve the following results for the three months ending September 30, 2017 and year ending December 31, 2017. Unless noted, anticipated results exclude the upcoming FCC spectrum repack. The pending acquisitions of Bonten and Tribune are not reflected in the Company\'s guidance below.
Third Quarter 2017
Media revenues, before barter, are expected to be approximately $623.2 million to $629.8 million, down 0.9% to 1.9%... More