Astral Media Inc.’s third-quarter profit was up 7% from a year ago but missed analyst estimates.
The Montreal-based radio, television and outdoor advertising company said its net income rose to $56.2 million or $1 per share.
That was two cents below a consensus estimate of $1.02 per share compiled by Thomson Reuters.
Astral’s revenue was also below analyst estimates.
The company reported $265.5 million in revenue for the three months ended May 31, down from $268 million a year earlier.
The consensus estimate was for Astral’s revenue to increase to $276.4 million.
Astral is being acquired by BCE in a friendly deal awaiting approvals.
