Nexstar Media Gr Q3 EPS $0.70 Vs $7.30 YoY, Sales $1.13B Miss $1.18B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nexstar Media Group reported Q3 earnings per share (EPS) of $0.70, a significant decrease from $7.30 year-over-year (YoY). The company's sales of $1.13 billion also missed the estimated $1.18 billion.
November 08, 2023 | 12:03 pm
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Nexstar Media's Q3 earnings and sales missed estimates, which could negatively impact the company's stock price in the short term.
Nexstar Media's Q3 earnings per share and sales both missed estimates. This underperformance could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100