Nielsen Reports Q3 Revenues Rise 13.3%
October 24, 2014 at 3:28 AM (PT)
NIELSEN N.V. reported YESTERDAY (10/23) its finances for the third quarter ended SEPTEMBER 30, 2014. The highlights:
- Net income attributable to stockholders was $0.24 down from $0.35 last year.
- Adjusted Net Income for the third quarter increased 32.6% to $256 million, or 36.9% on a constant currency basis, compared to the third quarter of 2013. Adjusted Net Income per share on a diluted basis was $0.66 compared to $0.50 in the third quarter of 2013.
- Revenues for the third quarter increased 13.3% to $1.572 billion, or 14.4% on a constant currency basis, compared to the third quarter of 2013. Revenues, excluding the impact of the ARBITRON and HARRIS acquisitions, increased 2.5%, or 3.4% on a constant currency basis.
NASDAQ reports, "analysts polled by THOMSON REUTERS expected the company to report earnings of $0.65 per share and revenues of $1.59 billion."
Additionally, NIELSEN's board authorized an additional $1 billion for its share repurchase program. Combined with the approximately $400 million remaining in its current program, the company now has a total capacity for $1.4 billion in share repurchases, which it expects to complete by mid-year 2016.