Copyright 2019 Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
HUNT VALLEY, Md. (AP) _ Sinclair Broadcast Group Inc. (SBGI) on Wednesday reported fourth-quarter profit of $44 million.
On a per-share basis, the Hunt Valley, Maryland-based company said it had profit of 47 cents. Earnings, adjusted for non-recurring costs, came to 94 cents per share.
The television broadcasting company posted revenue of $1.62 billion in the period.
For the year, the company reported profit of $47 million, or 51 cents per share. Revenue was reported as $4.24 billion.
For the current quarter ending in April, Sinclair said it expects revenue in the range of $1.65 billion to $1.68 billion.
Sinclair shares have fallen 18% since the beginning of the year. The stock has decreased 16% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SBGI at https://www.zacks.com/ap/SBGI
Copyright © 2020 The Associated Press. All rights reserved. This website is not intended for users located within the European Economic Area.