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 a loss of $3.21 billion in its third quarter.
On a per-share basis, the Hunt Valley, Maryland-based company said it had a loss of $42.66. Earnings, adjusted for non-recurring costs, came to $2.13 per share.
The television broadcasting company posted revenue of $1.54 billion in the period.
For the current quarter ending in December, Sinclair said it expects revenue in the range of $1.49 billion to $1.52 billion.
Insight by Tenable: Learn how Naval Facilities Engineering Systems Command uses a private cloud enclave helps keep control systems safe from cyber vulnerabilities in this free webinar.
The company expects full-year revenue in the range of $5.92 billion to $5.95 billion.
Sinclair shares have fallen 41% since the beginning of the year. The stock has declined 51% 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 . All rights reserved. This website is not intended for users located within the European Economic Area.