Gray Television Q2 2024 GAAP EPS $0.09 Misses $0.10 Estimate, Sales $826.000M Miss $835.483M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gray Television (NYSE:GTN) reported Q2 2024 GAAP EPS of $0.09, missing the analyst estimate of $0.10 by 10%. The company also reported sales of $826 million, missing the estimate of $835.483 million by 1.14%. Despite the misses, sales increased by 1.60% compared to the same period last year.
August 08, 2024 | 10:02 am
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Gray Television reported Q2 2024 earnings and sales that missed analyst estimates. EPS was $0.09, missing by 10%, and sales were $826 million, missing by 1.14%. However, sales increased by 1.60% year-over-year.
The earnings and sales misses are likely to negatively impact the stock price in the short term. However, the year-over-year sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100