Univision Communications

(UVN)

met Wall Street's earnings projections for the latest fourth quarter.

The company, which is based in Los Angeles, said it earned $35 million, or 15 cents a share, in the quarter, up from $31.3 million, or 13 cents a share, in the year-ago period. Seven analysts polled by

First Call/Thomson Financial

were calling for the company to earn 15 cents in the quarter.

The Spanish language broadcasting company said fourth-quarter revenue rose to $238.9 million from $205.3 million in the year-ago period. Broadcast cash flow increased to $101.5 million from $92.6 million in the same period last year.

Shares of Univision fell 55 cents, or 1.5%, to $37 in regular session

New York Stock Exchange

trading.