Entropic Communications (ENTR) reported second quarter non-GAAP net income of $0.08 per share after the close Wednesday, compared to $0.06 per share last year.
Entropic Communications gapped up at the open Thursday and climbed during the early portion of the afternoon. Shares finished higher by 1.13 at $7.96 on the highest volume of the year. The stock rose to a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.