Investing.com - Nexstar reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Nexstar announced earnings per share of $7.30 on revenue of $1.27B. Analysts polled by Investing.com anticipated EPS of $5.25 on revenue of $1.3B.
Nexstar shares are down 23% from the beginning of the year , still down 24.25% from its 52 week high of $204.62 set on Thursday, August 11, 2022.
Nexstar follows other major Communication Services sector earnings this month
Nexstar's report follows an earnings missed by Alphabet C on Tuesday, October 25, 2022, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on Wednesday, October 26, 2022 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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