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STOCKS SURGE TO NEW RECORD HIGH AMID HOPES OF FED RATE CUT

Markets are betting there's a 100% chance the Fed cuts rates in September

Sinclair: Q1 Earnings Snapshot

Associated Press Finance

HUNT VALLEY, Md. (AP) — HUNT VALLEY, Md. (AP) — Sinclair, Inc. (SBGI) on Wednesday reported earnings of $23 million in its first quarter.

On a per-share basis, the Hunt Valley, Maryland-based company said it had profit of 35 cents. Earnings, adjusted for non-recurring costs, came to 43 cents per share.

The television broadcasting company posted revenue of $798 million in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SBGI at https://www.zacks.com/ap/SBGI