Sinclair Broadcast Group (SBGI) gapped open higher Wednesday and has continued to rise sharply in early trade. The stock is now up 1.40 at $11.60.
Sinclair Broadcast Group has climbed above nearly a one-month range and has set a 4-month high. The company reported second quarter net income of $0.37 per share this morning, up from $0.23 per share last year. The consensus estimate was for EPS of $0.29.
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