Investing.com - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Nielsen slides nearly 17% after Q3 earnings miss

Published 10/25/2016, 07:23 PM
Nielsen slides nearly 17% after Q3 earnings miss
  • Nielsen Holdings tumbled nearly 17% to its lowest point since February after posting Q3 earnings that missed on top and bottom lines as a decline in its Buy segment dampened strong measurement growth.
  • Revenues grew 2.5% (3.6% in constant currency); net income fell 7% (down 8.3% in constant currency).
  • “In the Buy segment, while emerging markets continued to produce top-line growth, our results in the developed markets were disappointing, particularly in the U.S.," said CEO Mitch Barns. "Many of our clients are seeking efficiency and productivity in the face of a challenging growth environment. Given these evolving needs, we are realigning our portfolio by exiting non-core services, reallocating resources and accelerating our investments in our strategic initiatives to help our clients grow and to better position our business for the future."
  • Revenue by segment: Buy, $809M (down 0.9%); Watch, $761M (up 6.4%). In Buy: Developed Markets, $542M (down 3.7%); Emerging Markets, $267M (up 5.5%). In Watch: Audience Measurement, $496M (up 8.3%); Audio, $137M (down 2.8%); Marketing Effectiveness, $87M (up 27.9%); Other Watch, $41M (down 14.6).
  • It's updated full-year guidance, now expecting revenue growth at 3.5%-4% and adjusted EPS of $2.73-$2.79, below consensus for $2.87. It's forecasting free cash flow of $850M.
  • In an SEC filing, the company said it added W.W. Grainger President David Rawlinson as a member of the board and the Audit Committee, effective Feb. 8. He'll get an annual retainer of $80,000 and deferred stock annually with fair value of $160,000.
  • Press Release

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.