Gray Television Q4 EPS $(0.24) Vs $1.88 YoY, Sales $864.00M Beat $863.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gray Television reported a Q4 EPS of $(0.24), a significant decrease from $1.88 YoY. However, their sales of $864.00M slightly beat the estimate of $863.06M.
February 23, 2024 | 11:48 am
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NEGATIVE IMPACT
Gray Television's Q4 earnings per share (EPS) significantly decreased to $(0.24) from $1.88 year-over-year, but sales slightly exceeded expectations.
The significant decrease in EPS year-over-year is likely to negatively impact investor sentiment and stock price in the short term, despite the slight beat in sales estimates.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100