Sinclair Broadcast Group Inc. saw its profit decline 54 percent in the fourth quarter even though revenue rose, primarily because the company didn’t get a major tax benefit as it did a year ago. The Hunt Valley-based TV broadcasting giant had a profit of $206.2 million, or $2.10 per share in the fourth quarter, compared to $443.5 million, or $4.32 per share, in the year-ago quarter. Sinclair (NASDAQ: SBGI) said last year’s results included a $272.5 million one-time tax benefit related to the 2017…
from https://www.bizjournals.com/baltimore/news/2019/02/27/sinclair-shares-rise-after-profit-revenue-beat.html?ana=RSS&s=article_search
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