Sinclair Broadcast Group (SBGI) Declares $0.18 Quarterly Dividend; 2% Yield
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Sinclair Broadcast Group (SBGI) Reports Q4 Revenues Above Estimates; Offers 1Q18 & FY18 Guidance
February 28, 2018 7:36 AM ESTNote: EPS may not be comparable
Sinclair Broadcast Group (NASDAQ: SBGI) reported Q4 EPS of $4.32, versus $0.57 reported last year. Revenue for the quarter came in at $734 million versus the consensus estimate of $732.14 million.
Three Months Ended December 31, 2017 Financial Results:
Total revenues decreased 8.0% to $734.0 million, versus $797.7 million in the prior year period which included $113 million of political advertising in the 2016 presidential election year.Operating income was $357.6 million, including $15 million of transaction, legal and other one-time costs, and $9 million in one-time bonuses to our employees as a result of favorable tax reform... More