( UVN), a Spanish-language television broadcaster, still expects to meet its previous earnings outlook for the fourth quarter.
Ten analysts polled by
First Call/Thomson Financial
are projecting that the company will earn 16 cents a share for the quarter, up from 13 cents in the year-ago period.
Despite the announcement, Univision fell in afternoon trading
following the lead set earlier in the day by
Deutsche Banc Alex. Brown
cut its rating on Univision to buy from strong buy because of concerns about advertising in the Hispanic market.
Shares of Univision, which is based in Los Angeles, fell $6.50, or 13%, to $43.75 in recent
New York Stock Exchange