Gray Television (GTN) Tops Q1 EPS by 32c
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Gray Reports Record Operating Results for the Three Month Period Ended March 31, 2015
May 5, 2015 6:00 AM EDTATLANTA, May 5, 2015 /PRNewswire/ -- Gray Television, Inc. ("Gray," "we," "us" or "our") (NYSE: GTN) today announced results from operations for the three-month period ended March 31, 2015, including record first quarter revenues, net income and broadcast cash flow (a non-GAAP measure). During such period, Gray achieved free cash flow of $0.37 and net income of $0.10 per diluted weighted average share outstanding.Â
Highlights:
Record Revenue Our revenue for the first quarter of 2015 was $133.3 million, which was the highest for any first quarter in our history. Moreover, total revenue increased... More