Recap: Sinclair Broadcast Group Q3 Earnings

Sinclair Broadcast Group (NASDAQ:SBGI) reported its Q3 earnings results on Wednesday, November 2, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Sinclair Broadcast Group beat estimated earnings by 125.0%, reporting an EPS of $0.36 versus an estimate of $0.16.

Revenue was down $692.00 million from the same period last year.

Last quarter the company beat on EPS by $0.26 which was followed by a 0.3% drop in the share price the next day.

Here's a look at Sinclair Broadcast Group's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	-0.29	-1.07	0.05	-0.86
EPS Actual	-0.03	0.37	-0.99	0.52
Revenue Estimate	840.06M	1.53B	1.56B	1.58B
Revenue Actual	837.00M	1.29B	1.48B	1.53B

To track all earnings releases for Sinclair Broadcast Group visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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