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.