Sinclair Broadcast Group Inc (SBGI) Releases Earnings Results, Reports EPS of $0.52 EPS

Sinclair Broadcast Group Inc (SBGI) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.52 EPS for the quarter. Analysts had a consensus estimate of $0.52. The company posted revenue of $666.50 million in the period, compared to analysts expectations of $658.41 million. The company’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS.

Sinclair Broadcast Group Inc closed down -0.38 points or -1.37% at $27.43 with 13,18,550 shares getting traded on Tusday. Post opening the session at $27.67, the shares hit an intraday low of $27.15 and an intraday high of $28.29 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Mar 15, 2016, Barry Faber (Exec. VP & General Counsel) sold 14,417 shares at $32.86 per share price. According to the SEC, on Jan 11, 2016, Martin R Leader (director) sold 1,000 shares at $30.71 per share price. On Nov 9, 2015, Lucy Rutishauser (SVP Corp. Finance & Treasurer) sold 2,334 shares at $33.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Sinclair Broadcast Group Inc. is a television broadcasting company. The Company owns or provides certain programming operating or sales services to various television stations in the United States. The Company owns and provides programming and operating services or provides sales services and other non-programming operating services pursuant to contracts to around 164 stations in 79 markets. These stations broadcast around 373 channels including 211 channels affiliated with primary networks or program service providers comprising FOX (46) ABC (33) CBS (29) NBC (21) CW (44) MNT (33) and Univision (5). The other 162 channels broadcast programming from This TV Me TV GetTV Grit Weather Radar Weather Nation Live Well Network Antenna TV Bounce Network Heartland and Retro TV among others and one channel broadcasts independent programming. The Company operates under broadcast segment. Its broadcast segment consists of all of its television stations.

Sinclair Broadcast Group Inc

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