ATLANTA (AP) _ Gray Television Inc. (GTN) on Wednesday reported a first-quarter loss of $18 million, after reporting a profit in the same period a year earlier.
The Atlanta-based company said it had a loss of 31 cents per share. Earnings, adjusted for non-recurring costs, were 27 cents per share.
The broadcast television company posted revenue of $518 million in the period.
For the current quarter ending in July, Gray Television said it expects revenue in the range of $502 million.
Gray Television shares have risen 50% since the beginning of the year. The stock has climbed 94% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GTN at https://www.zacks.com/ap/GTN