Gray Reports Record Operating Results for the Quarter Ended September 30, 2018
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Gray Television (GTN) Reports Q3 EPS of $0.70, Revenues Beat; Offers 4Q Revenue Guidance Above Consensus
November 6, 2018 6:48 AM ESTGray Television (NYSE: GTN) reported Q3 EPS of $0.70, versus $0.00 reported last year. Revenue for the quarter came in at $279.3 million versus the consensus estimate of $275.76 million.
Record Third Quarter Revenue, Net Income and Broadcast Cash Flow - Our revenue, net income and Broadcast Cash Flow for the third quarter of 2018 were all record results. Our revenue was $279.3 million, increasing $60.3 million, or 28%, from the third quarter of 2017, and was our best all-time quarterly revenue. Our net income was $61.9 million, increasing $46.6 million, or 304%, from the third quarter of 2017, and was our all-time best third... More