Information and measurement company Nielsen Holdings N.V (NLSN) Thursday posted higher income for the first quarter reflecting increased revenue. Adjusted earnings per share were higher than the Street estimate.
For the quarter, the company posted net income attributable to shareholders of $35 million, up from $25 million last year. On a per share basis, earnings were $0.09 versus $0.07 a year earlier.
On an adjusted basis, the firm reported earnings of $0.38 per share for the quarter. Thirteen analysts on average polled by Thomson Reuters estimated earnings per share of $0.36 for the quarter. Analysts estimates typically exclude one-time items.
Revenue for the quarter climbed to $1.376 billion from $1.334 billion a year back, driven by a 3 percent increase within its Buy segment , a 4 percent increase within its Watch segment and a 7 percent decrease in its Expositions segment. Analysts were looking for slightly higher revenues of $1.39 billion.
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