Arbitron Inc.(ARB), a media and marketing research firm, Wednesday reported a dip in profit for the fourth quarter, due mainly to higher expenses.
For the three-month period, Arbitron posted net income of $13.4 million or $0.50 per share, down from $14.1 million or $0.51 per share for the prior-year period.
Earnings reported for the quarter echoed a pre-tax charge of $5.2 million or $0.18 per share related to consulting, legal, and other expenses pertaining to the pending acquisition of the company by Nielsen Holdings, said Arbitron in a statement.
Four analysts, on average, polled by Thomson Reuters estimated earnings of $0.65 per share for the quarter. Analyst estimates typically exclude one-time items.
Meanwhile, revenues rose by 3.8 percent to $124.71 million from $120.14 million in the year-ago quarter, while the Street expected revenues of $123.65 million.
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