Nielsen (NLSN) Trims Upper-End of FY12 Revs Growth Range
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Nielsen Holdings N.V. (NYSE: NLSN), announced an update to its full year 2012 revenue guidance.
"Changes in operating conditions for our Buy business outside the U.S. dictate that we reconsider the upper end of our previous guidance range," said David Calhoun, Chief Executive Officer of Nielsen. "We remain confident in our developing markets business, and expect continued growth in revenue and profitability for both Buy and Watch even as we invest in future opportunities."
Updated Outlook
The company now expects constant currency revenue growth of 5-6 percent for the full year 2012.
Other aspects of Nielsen's full year 2012 guidance remain unchanged, including the company's expectation of earnings per share for full year 2012 between $1.76 and $1.82 and Adjusted EBITDA margin expansion between 30 and 50 basis points on a constant currency basis. See the discussion of Adjusted EBITDA and other non-GAAP financial measures at the end of this release.
"Changes in operating conditions for our Buy business outside the U.S. dictate that we reconsider the upper end of our previous guidance range," said David Calhoun, Chief Executive Officer of Nielsen. "We remain confident in our developing markets business, and expect continued growth in revenue and profitability for both Buy and Watch even as we invest in future opportunities."
Updated Outlook
The company now expects constant currency revenue growth of 5-6 percent for the full year 2012.
Other aspects of Nielsen's full year 2012 guidance remain unchanged, including the company's expectation of earnings per share for full year 2012 between $1.76 and $1.82 and Adjusted EBITDA margin expansion between 30 and 50 basis points on a constant currency basis. See the discussion of Adjusted EBITDA and other non-GAAP financial measures at the end of this release.
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