Gray Shares Rises As Q1 Finish Bests Estimates, Despite Local Dip


The parade of positive quarterly earnings results from America’s biggest broadcast TV owners continued on Thursday morning, as Gray Television delivered a Q1 EPS that easily beat the Zacks Consensus Estimate.

While Q1 revenues were just a hair below what Zacks analysts thought, and local revenue was off year-over-year.

Yet, investors seemed to brush that aside, with GTN up 9% in afternoon trading on Wall Street.

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