Sinclair Broadcast Group (SBGI) 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.
Sinclair Broadcast Group gapped open higher Wednesday and rose in early trade, before settling into a range. Shares finished up by 1.31 at $11.51, with volume at over an 11-mont high. The stock broke out to a 4-month high.
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