CORRECTION: On Wednesday February 28, 2024, Sinclair Broadcast Group Reported Q4 EPS $0.81 Beats $0.43 Estimate, Sales $826.00M Miss $838.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sinclair Broadcast Group (NASDAQ:SBGI) reported Q4 earnings of $0.81 per share, surpassing the $0.43 estimate, but missed sales estimates with $826.00M against the expected $838.75M. This represents a 10% decrease in earnings and a 13.96% decrease in sales from the same period last year.
March 11, 2024 | 5:24 pm
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Sinclair Broadcast Group reported higher than expected Q4 EPS but missed on sales forecasts, indicating mixed financial health.
The beat on EPS estimates could be seen as a positive signal, indicating operational efficiency or cost management. However, the miss on sales forecasts could raise concerns about revenue growth and market demand. The mixed results may lead to short-term market uncertainty for SBGI's stock.
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