Gray Television Q3 EPS $(0.57) Vs $1.03 Last Year, Sales $803.00M Beat $796.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gray Television (NYSE:GTN) reported Q3 losses of $(0.57) per share, a 155.34% decrease from last year's earnings of $1.03 per share. However, the company's quarterly sales of $803.00 million beat the analyst consensus estimate of $796.08 million by 0.87%, despite being an 11.66% decrease from last year's sales of $909.00 million.
November 08, 2023 | 11:03 am
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NEUTRAL IMPACT
Gray Television reported a significant decrease in earnings per share, but managed to beat sales estimates. This mixed result could lead to uncertain market reactions.
The significant decrease in earnings per share is a negative signal for investors, potentially leading to a decrease in stock price. However, the fact that the company beat sales estimates could offset this negative impact, leading to a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100