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Nexstar: 2Q Earnings Snapshot

August 8, 2018

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.


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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