Sinclair Reports Fourth Quarter 2020 Financial Results
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Sinclair Broadcast Group (SBGI) Tops Q4 EPS by $1.26, Revenues In-Line
February 24, 2021 7:33 AM ESTSinclair Broadcast Group (NASDAQ: SBGI) reported Q4 EPS of $6.27, $1.26 better than the analyst estimate of $5.01. Revenue for the quarter came in at $1.51 billion versus the consensus estimate of $1.51 billion.
Fourth Quarter Highlights:
Total revenue decreased 7% to $1,512 million as compared to the fourth quarter of 2019.Operating income of $625 million including $16 million of non-recurring costs for transaction, COVID, legal, litigation, and regulatory costs ("Adjustments").Excluding the Adjustments, operating income of $641 million increased $319 million compared to the fourth quarter of 2019, which contained Adjustments of $45 millionNet income attributable to the... More