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Investing.com - Sinclair reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Sinclair announced earnings per share of $0.32 on revenue of $843M. Analysts polled by Investing.com EPS of $0.42 on revenue of $903.56M.
Sinclair 's are down 20% and is trading at $18.29 , still down 40.50% from its 52 week high of $31.04 set on Tuesday, March 1, 2022.
Sinclair shares lost 0.97% to trade at $18.29 in pre-market trade the report.
Sinclair follows other major Communication Services sector earnings this month
Sinclair's report follows an earnings missed by Alphabet C on Tuesday, October 25, 2022, who reported EPS of $1.06 on revenue of $69.09B, EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on Wednesday, October 26, 2022 with third quarter EPS of $1.64 on revenue of $27.71B, for EPS of $1.93 on revenue of $27.57B.
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