Sinclair Broadcast Group (SBGI) reported fourth quarter net income of $0.40 per share Wednesday morning, compared to the loss of $0.85 per share in the prior year period. The consensus estimate was for EPS of $0.40.
Sinclair Broadcast Group climbed throughout the first half of the morning Wednesday and closed up by 1.04 at $10.99 on the highest volume of the year. The stock has been rising for the past 2 1/2 weeks and set a new high for the year.
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