Gray Television (NYSE:GTN) reported its Q1 earnings results on Friday, May 5, 2023 at 06:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Gray Television missed estimated earnings by 84.62%, reporting an EPS of $-0.48 versus an estimate of $-0.26.
Revenue was down $26.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1 which was followed by a 4.16% drop in the share price the next day.
Here’s a look at Gray Television’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.78 | 1.41 | 0.86 | 0.37 |
| EPS Actual | 1.88 | 1.03 | 0.91 | 0.52 |
| Revenue Estimate | 1.04B | 950.16M | 854.42M | 803.97M |
| Revenue Actual | 1.07B | 909.00M | 868.00M | 827.00M |
To track all earnings releases for Gray Television visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
