Nielsen Holdings (NLSN) Tops Q1 EPS by 15c, Revenues Beat; Offers FY21 EPS Mid-Point Guidance Above Consensus
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Nielsen Reports 1st Quarter 2021 Results
May 6, 2021 6:30 AM EDTNEW YORK, May 6, 2021 /PRNewswire/ -- Today, Nielsen Holdings plc (NYSE: NLSN) announced its results for the quarter ended March 31, 2021. These results reflect the March 5, 2021 sale of the Global Connect business for $2.4 billion in net proceeds, which resulted in a $542 million preliminary gain on sale, net of taxes, recognized in the quarter. Of the net proceeds, $2.28 billion were used for debt reduction in March and April 2021. Beginning in the first quarter of 2021, Global Connect results were reclassified to discontinued operations for all periods presented.
David Kenny, Chief Executive Officer, commented,... More
