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Stock impact report

Why Gray Television (GTN) Stock Is Trading Up 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 afternoon session after the company reported third-quarter financial results that beat analyst expectations for profitability, even while sales declined year-over-year. Gray Television posted revenue of $749 million, which met Wall Street's expectations. The company reported a GAAP loss of $0.24 per share, which was significantly smaller than the loss of $0.48 per share that analysts had anticipated. Additionally, its adjusted EBITDA, a key measure of cash flow, came in 16.7% ahead of estimates. However, the report was not entirely positive. Sales fell by 21.2% compared to the same period in the previous year. Furthermore, the company's revenue guidance for the next quarter came in nearly 5% below analysts' estimates. Despite these concerns, investors appeared to focus on the profitability beats, sending the shares higher. The shares closed the day at $4.82, up 4.2% from previous close. Is now the time to buy Gray Television? Access our full analysis report here What Is Th Show less Read more
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