Gray Reports Record Operating Results

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Go back to Gray Reports Record Operating Results

Gray Television (GTN) Tops Q4 EPS by 14c, Revenues Beat

February 28, 2019 6:53 AM EST

Gray Television (NYSE: GTN) reported Q4 EPS of $1.06, $0.14 better than the analyst estimate of $0.92. Revenue for the quarter came in at $328.22 million versus the consensus estimate of $322.27 million.

Strong Net Income and Record Fourth Quarter Revenue and Broadcast Cash Flow - Our net income was $88.3 million in the fourth quarter of 2018, and was our second best fourth quarter net income. Our revenue and Broadcast Cash Flow for the fourth quarter of 2018 were each record results. Our revenue was $328.2 million, increasing $94.6 million, or 40%, from the fourth quarter of 2017, and was our all-time best quarterly... More