Nexstar Media Gr Q2 Sales $1.269B Miss $1.297B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nexstar Media Group (NASDAQ:NXST) reported Q2 sales of $1.269 billion, missing the analyst consensus estimate of $1.297 billion by 2.15%. However, this represents a 2.34% increase over the same period last year.
August 08, 2024 | 11:01 am
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Nexstar Media Group reported Q2 sales of $1.269 billion, missing the analyst consensus estimate of $1.297 billion by 2.15%. Despite the miss, sales increased by 2.34% compared to the same period last year.
The miss on the sales estimate is likely to have a negative short-term impact on NXST's stock price, despite the year-over-year increase in sales. Investors often react negatively to earnings misses.
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