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0 -0.00107874865156416 0 0.005393743257821 0.00755124056094933 -0.00215749730312833 -0.00431499460625665 -0.00431499460625665
Stock impact report

Why Gray Television (GTN) Stock Is Falling Today [Yahoo! Finance]

Gray Television, Inc. (GTN) 
Last gray television, inc. earnings: 2/27 06:30 am Check Earnings Report
US:NYSE Investor Relations: gray.tv/index.php?page=financial-reports
Company Research Source: Yahoo! Finance
the morning session after the stock's negative momentum continued as the company reported third-quarter financial results that included a weak revenue forecast for the fourth quarter. Although the company's revenue of $749 million and adjusted earnings per share of -$0.20 beat analyst estimates for the quarter, other details concerned investors. Revenue declined by 21.2% compared to the same period in the previous year, and the operating margin fell to 13.6% from 26.3%. More importantly, the company's revenue guidance for the fourth quarter was $774.5 million at the midpoint, which came in below analysts' expectations of $813.3 million. The combination of declining year-over-year results and a disappointing outlook for the next quarter led to the negative market reaction. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy Gray Television? Access our full analysis report here What Is The Market Show less Read more
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