Gray Television shares are trading lower after the company reported worse-than-expected Q2 financial results and revised its FY24 core advertising revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Gray Television shares are trading lower after the company reported worse-than-expected Q2 financial results and revised its FY24 core advertising revenue guidance.
August 08, 2024 | 3:23 pm
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Gray Television shares are trading lower due to disappointing Q2 financial results and a downward revision of FY24 core advertising revenue guidance.
The company's worse-than-expected Q2 financial results and the downward revision of FY24 core advertising revenue guidance are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
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IMPORTANCE 80
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