Sinclair: 3Q Earnings Snapshot
HUNT VALLEY, Md. (AP) _ Sinclair Broadcast Group Inc. (SBGI) on Wednesday reported a third-quarter loss of $60 million, after reporting a profit in the same period a year earlier.
The Hunt Valley, Maryland-based company said it had a loss of 64 cents per share. Earnings, adjusted for non-recurring costs, were $1.15 per share.
The television broadcasting company posted revenue of $1.13 billion in the period.
For the current quarter ending in December, Sinclair said it expects revenue in the range of $1.6 billion to $1.63 billion.
The company expects full-year revenue in the range of $4.22 billion to $4.24 billion.
Sinclair shares have risen 47% since the beginning of the year. The stock has increased 30% in the last 12 months.