Grupo Televisa Posts $51.2 Million Q3 Profit, Beats Analyst Estimates

Grupo Televisa SAB (TV) reported third-quarter net income of $51.2 million, or 9 cents per share, surpassing Wall Street expectations of 3 cents per share from three analysts surveyed by Zacks Investment Research. The Mexico City-based media company recorded revenue of $815.9 million for the period. The earnings beat signals improved profitability for the Mexican broadcaster amid a challenging media landscape.