Sinclair Broadcast -4.1% as new revenues disappoint [Seeking Alpha]
Landmark Infrastructure Partners LP - Common Units (LMRK)
Last landmark infrastructure partners lp - common units earnings: 2/27 08:00 am
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Source: Seeking Alpha
Seeking Alpha News | On the Move Sinclair Broadcast -4.1% as new revenues disappoint Nov. 6, 2019 11:23 AM ET Sinclair Broadcast Group, ... (SBGI) Jason Aycock Sinclair Broadcast Group (NASDAQ: 4.1% lower Q3 revenues Related expenses meant the company swung to a loss. Operating income fell to -$6M from a prior-year $158M, due to $214M in nonrecurring costs for transaction fees, legal, litigation and regulatory costs. And that led to a net loss of $60M vs. year-ago income of $64M. Revenues rose 47%, to $1.125B. Media revenues rose 47% to $1.07B; political revenues fell to $6M from $70M in a non-election year; and distribution revenues rose to $679M from $331M. Revenues from digital businesses rose 36%. For Q4, it's guiding to revenues of $1.6B-$1.625B (light of consensus for $1.67B) and operating income of $287M-$308M. Press release See all stocks on the move » Now read: Landmark Infrastructure slides 9.7% after Q3 miss » Try PREMIUM
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