Nexstar Broadcasting Q2 Profit Declines Despite Higher Revenue - Quick Facts

(RTTNews) - Nexstar Broadcasting Group, Inc. (NXST) reported second-quarter net income of $6.37 million or $0.20 per share, down from $8.82 million or $0.29 per share in the same period last year.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.29 per share for the quarter. Analyst estimates typically exclude one-time items.

Net revenue for the quarter grew 42 percent to $126.21 million from $88.86 million in the same period last year. Analysts had a consensus revenue estimate of $123.14 million for the quarter.

Total operating expenses were $98.02 million, higher than $65.40 million last year.