Gray Tops Revenue Estimates As A Net Loss Is Seen


The Zacks Consensus Estimate was for net revenue that came in higher than anticipated. But, instead of positive earnings per share growth, Gray Television‘s EPS ended up in the negative, with the company suffering a net loss in Q3 2021.

Investors expressed their disappointment, with GTN falling 5.3% in Thursday’s trading on the NYSE. But, these traders may need to understand that unfair comps — and growth initiatives designed to make Gray a bigger player in local TV — are the reason for what is largely a short-term blip.

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