Sinclair Sees Q3 Revenue $742M-$763M Vs $772.49M Est
Portfolio Pulse from Benzinga Newsdesk
Sinclair Broadcast Group (SBGI) has projected its Q3 revenue to be between $742M and $763M, which is lower than the estimated $772.49M.
August 04, 2023 | 12:08 pm
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NEGATIVE IMPACT
Sinclair's lower than expected Q3 revenue projection could negatively impact its stock price in the short term.
Companies' stock prices often react to their earnings reports. In this case, Sinclair's lower than expected Q3 revenue projection could lead to a decrease in its stock price as it indicates potential financial underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100