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California | EARNINGS ROUNDUP

Univision's Net Income Jumps 41% in Quarter

May 05, 2005|From Reuters

Spanish-language broadcaster Univision Communications Inc. said that first-quarter earnings jumped 41% as advertisers committed more of their budgets to reaching U.S. Latino consumers.

Los Angeles-based Univision said quarterly profit outpaced analysts' estimates at $44.5 million, or 13 cents a share, up from $31.6 million, or 9 cents, a year earlier. Revenue grew 23% to $433 million from $352.9 million.

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