Sinclair Reports Mixed 1Q17, Reiterates Long Term Guidance

/by

Sinclair Broadcasting (SBGI) reported 1Q17 earnings in line with analyst estimates.  Guidance for the second quarter appears a little light although management reiterated all guidance for 2017 and 2018 suggesting it is mostly timing issues.  The stock is responding poorly to the earnings report and was falling heading into the report.  The timing of Northlake’s […]

Read more

Apple Gearing Up For Supercycle

/by

Apple reported a mostly inline March quarter and issued guidance for June quarter that was within its usual range.  Revenues for the March quarter fell slightly short of estimates driven by iPhone unit shipments of 50.8 million compared to consensus of 52.3 million.  That equates to about $1 billion in lost revenue relative to expectations.  […]

Read more