Nielsen Holdings N.V. (NLSN: Quote) updated its full year 2012 revenue guidance. The company currently expects constant currency revenue growth of 5-6 percent for 2012.
The company noted that other aspects of its full year 2012 guidance remain unchanged, including its expectation of earnings per share to be between $1.76 and $1.82 and adjusted EBITDA margin expansion between 30 and 50 basis points on a constant currency basis.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.80 per share on revenues of $5.76 billion for the year. Analysts' estimates typically exclude special items.
David Calhoun, chief executive officer of Nielsen, stated, "Changes in operating conditions for our Buy business outside the U.S. dictate that we reconsider the upper end of our previous guidance range. 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."
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by RTT Staff Writer
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