Nexstar Broadcasting (NXST) Tops Q2 EPS by 9c, Beats on Revenues

Nexstar Broadcasting (NASDAQ: NXST) reported Q2 EPS of $0.91, $0.09 better than the analyst estimate of $0.82. Revenue for the quarter came in at $626.12 million versus the consensus estimate of $608.92 million.

• Net Revenue Growth Drives Record 2Q Operating Income of $138.7 Million and Net Income of $48.4 Million
• Record BCF of $226.9 Million, Adjusted EBITDA of $202.2 Million and Free Cash Flow of $139.0 Million, Inclusive of One-Time Transaction Expenses
• Repurchases 1.0 Million Shares During Second Quarter
• Raises Average Annual Free Cash Flow Guidance for the 2017/2018 Cycle to Approximately $574 million

For earnings history and earnings-related data on Nexstar Broadcasting (NXST) click here.

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