Arbitron (ARB) Misses Q3 EPS by 2c; Comments on FY Outlook

October 20, 2009 7:09 AM EDT

Arbitron Inc. (NYSE: ARB) reports Q3 EPS of $0.51, 2 cents worse than estimates. Revenues were $98.1 million vs. $103.05 million consensus.

Arbitron is reiterating the following revenue and EPS guidance:

For the full year 2009, Arbitron continues to expect revenue to increase between two percent and six percent as compared to full year 2008 revenue of $368.8 million.

For the full year 2009, Arbitron continues to expect earnings per share (diluted) to be between $1.40 and $1.55, an increase of between three percent and 14 percent, as compared to $1.36 for the full year 2008. (Consensus is $1.43)

The Company's earnings per share guidance for the full year 2009 currently contemplates the impact of $10.1 million in pre-tax expense, related to the restructuring and reorganization program.

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