Recap: Gray Television Q1 Earnings - Gray Television (NYSE:GTN)

Gray Television GTN reported its Q1 earnings results on Friday, May 5, 2023 at 06:00 AM.

Here's what investors need to know about the announcement.

Gray Television missed estimated earnings by 84.62%, reporting an EPS of $-0.48 versus an estimate of $-0.26.

Revenue was down $26.00 million from the same period last year.

Last quarter the company beat on EPS by $0.1 which was followed by a 4.16% drop in the share price the next day.

Here's a look at Gray Television's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	1.78	1.41	0.86	0.37
EPS Actual	1.88	1.03	0.91	0.52
Revenue Estimate	1.04B	950.16M	854.42M	803.97M
Revenue Actual	1.07B	909.00M	868.00M	827.00M

To track all earnings releases for Gray Television visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.