Gray Television (GTN) Tops Q3 EPS by 29c
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Gray Reports Record Operating Results for the Quarter Ended September 30, 2020
November 5, 2020 6:00 AM ESTATLANTA, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray, we," us or our) (NYSE: GTN) today announced financial results for the third quarter ended September 30, 2020. The impact of the novel coronavirus and its disease (collectively, COVID-19) on economic activity continued to impact our revenues and results for the third quarter and nine-months ended September 30, 2020. Despite these macroeconomic challenges, we increased our cash on hand by $88 million in the third quarter and repurchased $10 million of our common stock. Key financial results are as follows:
Our revenue for the third quarter of 2020 was $604... More