Gray Television (GTN) Tops Q1 EPS by 2c

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Go back to Gray Television (GTN) Tops Q1 EPS by 2c

Gray Reports First Quarter Operating Results

May 7, 2020 6:00 AM EDT

ATLANTA, May 07, 2020 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray, the Company, we, us or our) (NYSE: GTN) today announced financial results for the first quarter ended March 31, 2020, and addressed the impact of the novel coronavirus and its disease (collectively, COVID-19) pandemic on its business and outlook.  Gray reported that its first quarter revenue and expenses were each slightly below the low end of the previously issued guidance ranges due primarily to a significant reduction of demand for advertising resulting from the coronavirus pandemic. In particular:

Revenue of $534 million, increasing $16 million, or 3%,... More