Argentina's Banco Macro posts 3rd-qtr net profit

BUENOS AIRES, Nov 4 (Reuters) - Banco Macro (BMA.BA: Quote, Profile, Research) (BMA.N: Quote, Profile, Research), one of Argentina's largest private banks, reported a third-quarter net profit of 190.9 million pesos ($49.8 million), compared with 163.3 million pesos a year earlier, the company said on Wednesday.

The result was higher than the median forecast of a net profit of 178.5 million pesos in the quarter, with estimates ranging from 167 million to 196 million pesos, in the Reuters survey of four analysts. ($1 = 3.8375 pesos on June 30) (Reporting by Jorge Otaola, Writing by Kevin Gray, Editing by Leslie Gevirtz)