UPDATE 1-Canada's TVA Group posts Q1 earnings below estimates

* Q1 EPS C$0.06 vs est C$0.23 * Q1 rev C$109.6 vs est C$106.3 May 10 (Reuters) - Integrated communications company TVA Group Inc posted first-quarter earnings that missed market estimates, hurt by a fall in advertising revenues and increase in programming costs. "The Vancouver Olympic Games in February definitely cost us advertising revenues and audience ratings," Chief Executive Pierre Dion said in a statement. For the quarter ended March 31, the company posted net income of C$1.5 million, or 6 Canadian cents a share, compared with, C$6.5 million, or 27 Canadian cents a share, a year ago. Operating revenue fell marginally to C$109.6 million. Analysts on average were expecting earnings of 23 Canadian cents a share, on revenue of C$106.3 million, according to Thomson Reuters I/B/E/S. Shares of the company closed at C$14.35 Friday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Maju Samuel) Keywords: TVAGROUP/ (arnika.thakur@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: arnika.thakur.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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