Thursday, July 12, 2007

UPDATE 1-Astral third-quarter results get lift from TV

(Reuters) - Astral, which is buying broadcaster Standard Radio Inc. for
about C$1.1 billion in cash and stock, said it earned C$35.9
million , or 67 Canadian cents per share, in the
three months ended May 31. That was up from a profit of C$33.2
million, or 61 Canadian cents per share, in the same period a
year earlier.




According to Reuters Estimates, analysts were expecting the
company to earn 67 Canadian cents per share before one-time
items on revenue of C$167.4 million.


Read more at Reuters.com Market News

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