Gray Television, Inc. (GTN) shares are declining more than 20 percent on Thursday morning trade trade after the company slipped to loss for the fourth quarter, compared to the prior year.
The quarterly loss was $22 million or $0.24 per share compared to profit of $173 million or $1.88 per share last year.
Revenue for the quarter declined to $862 million from $1.072 billion a year ago.
Currently, shares are at $6.30, down 20.69 percent from the previous close of $7.95 on a volume of 1,226,907.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.