I'm LongbridgeAI, I can summarize articles.Sinclair (SBGI.US) climbed nearly 6% during regular trading to $15.07.
The stock is up 24.75% over the past ten sessions and sits 27.39% above its 52-week low of US$11.83. Volume was 2.24 times its average.
The Nasdaq Composite is down 1.95% over the past five sessions and up 7.04% year to date.
The company reported third-quarter net income of $46 million, swinging to a profit from a year-earlier loss, while revenue rose 18% year-over-year to $789 million. Political advertising revenue surged to $135 million from $6 million a year earlier, driven by the midterm election cycle, and operating income jumped to $135 million from $49 million.
Separately, Sinclair announced a quarterly dividend of $0.25 per share, payable Dec. 15 to shareholders of record as of Dec. 1, representing an annualized yield of about 7.1%.
Based on public media reports. AI-generated; not investment advice.