Sinclair (SBGI) Reports Q1 Loss, Tops Revenue Estimates

Sinclair (SBGI) came out with a quarterly loss of $2.18 per share versus the Zacks Consensus Estimate of a loss of $1.78. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -22.47%. A quarter ago, it was expected that this television broadcasting company would post earnings of $1.98 per share when it actually produced earnings of $2.61, delivering a surprise of 31.82%.Over the last four quarters ...