Why Gray Television (GTN) Stock Is Trading Up Today

What Happened? Shares of local television broadcasting and media company Gray Television (NYSE:GTN) jumped 6.8% in the afternoon session after the company reported third-quarter financial results that beat analyst expectations for profitability, even while sales declined year-over-year. Gray Television posted revenue of $749 million, which met Wall Street's expectations. The company reported a GAAP loss of $0.24 per share, which was significantly smaller than the loss of $0.48 per share that analysts had ...