Nexstar: 3Q Earnings Snapshot
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.