Goldman Sachs Maintains Bullish View on Focus Media (FMCN) After Q4 Results

Analysts at Goldman Sachs commented on Focus Media Holding (NASDAQ: FMCN) following Q4 results after the close noting business trends are robust and margins improving.

Some takeaways the firm noted: (1) After 61% yoy rev growth in 4Q11, guided 1Q12 revs imply a greater-than-usual 25% qoq decline; (2) Non-GAAP operating margin improved 3.7pp yoy to 44.7%; (3) The LCD interactive network roll-out is on track, with 2.5mn registered users; (4) FMCN will pay a cash dividend of $0.137/ADS on Apr 16, part of its 55% annual payout policy.

"We maintain Buy and view results as supportive of our bullish thesis on FMCN as a fundamentally robust media platform benefiting from generally growing advertising demand and especially demand for TV alternatives, with reliable operating leverage contributing earnings growth," the analyst comments.

For an analyst ratings summary and ratings history on Focus Media Holding click here. For more ratings news on Focus Media Holding click here.

Shares of Focus Media Holding closed at $28.03 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Nutanix (NTNX) PT Raised to $80 at Oppenheimer Into EPS
• Etsy upgraded to buy at BofA on durable growth, buyback potential
• Benchmark Reiterates Buy Rating on Alibaba (BABA) on Solid Q1 Earnings Beat