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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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.