Gray Media reported Q2 earnings of 21 cents per share, beating expectations by 29 cents, as revenue rose 8.7% year-over-year.
Gray Media (GTN) shares climbed 24% after the company’s second-quarter earnings and revenue surpassed Wall Street estimates. The broadcaster posted earnings of 21 cents per share, exceeding analyst expectations by 29 cents.
Revenue increased 8.7% compared to the same period last year. The results reflect stronger-than-anticipated performance in the broadcasting sector amid solid advertising demand.
The stock’s sharp rise highlights investor confidence in the company’s growth trajectory following the earnings beat.