Sinclair Reports Second Quarter 2020 Financial Results
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Sinclair Broadcast Group (SBGI) Misses Q2 EPS by $1.75, Revenues Miss
August 5, 2020 7:32 AM EDTSinclair Broadcast Group (NASDAQ: SBGI) reported Q2 EPS of $3.12, $1.75 worse than the analyst estimate of $4.87. Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.41 billion.
Second Quarter Highlights
Consolidated total revenue increased 66% to $1,283 million as compared to the second quarter of 2019, with gains driven in large part by the Company's acquisition of 21 Regional Sports Networks (RSNs) and Fox College Sports in August 2019. Included in the quarter is a $124 million for... More