Nielsen Holdings (NLSN) Posts Q2 EPS of $0.37

Nielsen Holdings (NYSE: NLSN) reported Q2 EPS of $0.37, which may not compare to the analyst estimate of $0.67. Revenue for the quarter came in at $1.64 billion versus the consensus estimate of $1.65 billion.

“Our revenue in the quarter reflects solid growth in Watch, robust growth in Buy emerging markets and the contribution from our recent acquisition of Gracenote. This was partially offset by continued softness in our U.S. Buy business which reflects the challenging operating environment for our large fast moving consumer goods clients. Our rigorous cost and commercial discipline in the quarter enabled us to deliver margin expansion, while also investing in our key growth initiatives,” said Mitch Barns, Chief Executive Officer of Nielsen.

Barns continued, “In Watch, we continue to invest in Total Audience Measurement, adding in new data sets to strengthen our unique position in the industry as the media landscape continues to evolve. In Buy, the Connected System is our number one priority. We are making good progress on bringing capabilities to the market that answer our clients’ key business questions with speed and efficiency.”

GUIDANCE:

Nielsen Holdings sees FY2017 EPS of $1.40-$1.46, which may not compare to the consensus of $2.65.

For earnings history and earnings-related data on Nielsen Holdings (NLSN) click here.

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