Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) reports 1Q18 earnings results Miss Estimate

Nexstar Broadcasting Group

Nexstar Broadcasting Group, Inc. (NASDAQ:NXST) reported net income for the first quarter of $ 48.12 million or $ 1.01 per share, compared to income of $ 6.05 million or $ 0.13 per share for the year-ago quarter.

The topline results for the first quarter rose 14% to $ 615.34 million from $ 540.32 million in the same quarter last year.

Analysts polled by Thomson Reuters expected Nexstar Broadcasting Group, Inc. to report income of $ 1.07 per share on revenue of $ 613.05 million for the first quarter.

Nexstar’s strong operating and financial momentum continues in 2018 as we generated record first quarter results and another period of growth that exceeded expectations, commented CEO of Nexstar Media.

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