Sinclair Broadcast Group-Sinclair (SBGI) Tops Q2 Earnings Estimates

Sinclair (SBGI) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of a loss of$ 0.14 per share. This compares to loss of $1.09 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 292.86%. A quarter ago, it was expected that this television broadcasting company would post a loss of$ 0.54 per share when it actually produced earnings of $0.43, delivering a surprise of 179.63%. Over the last fou ...