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Sinclair: 1Q Earnings Snapshot

Sinclair’s headquarters in Hunt Valley (Jonathan Hanson/Bloomberg News)

Sinclair’s headquarters in Hunt Valley (Jonathan Hanson/Bloomberg News)

HUNT VALLEY, Md. — Sinclair Broadcast Group Inc. (SBGI) on Wednesday reported first-quarter profit of $21.7 million.

On a per-share basis, the Hunt Valley, Maryland-based company said it had net income of 23 cents. Earnings, adjusted for non-recurring costs, were 25 cents per share.

The television broadcasting company posted revenue of $722.1 million in the period.

Sinclair shares have more than doubled since the beginning of the year. The stock has more than doubled in the last 12 months.


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