IRVING, Texas (AP) _ Nexstar Broadcasting Group Inc. (NXST) on Wednesday reported second-quarter net income of $87.7 million.
On a per-share basis, the Irving, Texas-based company said it had net income of $1.86.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.
The television broadcaster posted revenue of $660.3 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $655.6 million.
Nexstar shares have declined almost 3 percent since the beginning of the year. The stock has increased 22 percent in the last 12 months.