Sinclair Broadcast Group (SBGI) Tops Q2 EPS by 25c, Revenues Beat

Sinclair Broadcast Group (NASDAQ: SBGI) reported Q2 EPS of $0.27, $0.25 better than the analyst estimate of $0.02. Revenue for the quarter came in at $790 million versus the consensus estimate of $715.52 million.

"Second quarter results came in well ahead of guidance in all key financial metrics, and we expect the second half of the year to continue to be robust, underlined by increasing distribution revenues and strong political advertising spend," commented Chris Ripley, President and Chief Executive Officer. "This year's mid-term elections are expected by many to have the most spending in U.S. history with broadcast television a primary beneficiary. In regards to the acquisition of Tribune Media Company, we are working with them to analyze approaches to the regulatory process that are in the best interest of our companies, employees and shareholders."

For earnings history and earnings-related data on Sinclair Broadcast Group (SBGI) click here.

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