Nexstar Media Group First Quarter Net Revenue Rises 74.2% to a Record $1.1 Billion
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Nexstar Media (NXST) Tops Q1 EPS by 44c, Revenues Beat
May 6, 2020 7:09 AM EDTNexstar Media (NASDAQ: NXST) reported Q1 EPS of $3.30, $0.44 better than the analyst estimate of $2.86. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.07 billion.
Net Revenue Drives 1Q Operating Income of $305.0 Million, Net Income of $157.7 MillionBCF of $430.0 Million, Adjusted EBITDA of $557.7 Million and Free Cash Flow of $423.0 MillionAllocates $457 Million in Cash Toward Leverage Reduction andRepurchases $72.6 Million of Class A Common Shares in the First QuarterCEO Comment
Perry A. Sook, Chairman, President and Chief Executive Officer of Nexstar Media Group commented, Against the challenging economic... More
