Gray Television (GTN) Misses Q1 EPS by 6c, Revenues Beat; Offers Q2 Revenue Mid-Point Outlook Below Consensus
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Gray Reports Record Operating Results
May 8, 2019 6:45 AM EDTATLANTA, May 08, 2019 (GLOBE NEWSWIRE) -- Gray Television, Inc. (Gray, we, us or our) (NYSE: GTN and GTN.A) today announces record operating revenues for the three-months ended March 31, 2019.
Financial Highlights and Selected Operating Data:
Record First Quarter Revenue - Our revenue for the first quarter of 2019 was $518 million, increasing $292 million, or 129%, from the first quarter of 2018. During the first quarter of 2019, revenue attributable to the Raycom Merger (as defined below) was $280 million. Furthermore, on a Combined Historical Basis (as defined below) excluding the $13 million of advertising revenue attributable to... More