Univision Meets Fourth-Quarter Estimates
Univision Communications
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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
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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.
