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Univision Exceeds Estimates

By Multi Channel News Staff -- Multichannel News, 2/28/2003 6:15:00 AM

Univision Communications Inc. said its fourth-quarter earnings will exceed the consensus of its Wall Street analysts.

The company said it will see earnings per share jump 180 percent to 14 cents, 2 cents better than First Call's consensus.

It also said consolidated earnings before interest, taxes, debt and amortization will jump 35 percent to $104 million, exceeding the consensus estimate of $101 million.

Univision plans to report fourth-quarter and full-year-2002 results March 14, following the closing of its deal to acquire Hispanic Broadcasting Corp.

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