Benzinga | Aug 5, 2020 07:40AM EDT

Sinclair Broadcast Group Q2 Adj. EPS $3.12 Misses $4.77 Estimate, Sales $1.28B Miss $1.41B Estimate

Sinclair Broadcast Group (NASDAQ:SBGI) reported quarterly earnings of $3.12 per share which missed the analyst consensus estimate of $4.77 by 34.59 percent. This is a 345.71 percent increase over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $1.28 billion which missed the analyst consensus estimate of $1.41 billion by 9.01 percent. This is a 66.47 percent increase over sales of $770.72 million the same period last year.