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Nexstar: 3Q Earnings Snapshot

November 8, 2018

IRVING, Texas (AP) _ Nexstar Broadcasting Group Inc. (NXST) on Thursday reported third-quarter profit of $100.5 million.

The Irving, Texas-based company said it had profit of $2.12 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.97 per share.

The television broadcaster posted revenue of $693 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $674.4 million.

Nexstar shares have increased slightly more than 6 percent since the beginning of the year. The stock has climbed 28 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NXST at https://www.zacks.com/ap/NXST

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