Nexstar Q1 Results Miss Estimates - Quick Facts

(RTTNews) - Nexstar Broadcasting Group Inc. (NXST) Thursday reported a rise in earnings for the first quarter, helped by growth in net revenues. However, both earning and revenues fell short of analysts' estimates.

For the 3-month period, net earnings advanced to $7.35 million or $0.23 per share, from $705,000 or $0.02 per share a year earlier.

On average, 5 analysts polled by Thomson-Reuters estimated the company's earnings to be $0.29 for the quarter. Analysts' estimates typically exclude one-time items.

Adjusted EBITDA stood at $42.11 million, compared with $33.06 million a year ago.

Net revenue rose to $133.83 million from $112.2 million in the same quarter last year. Analysts expected revenues of $134.45 million.