Arbitron Inc. (ARB) reported that its first-quarter net income decreased to $16.29 million or $0.60 per share from $17.81 million or $0.64 per share last year.
Revenue increased to $111.78 million from $106.39 million last year. Costs and expenses were $81.4 million, an increase of 8.3 percent from the first quarter 2012.
Costs and expenses in the first quarter 2013 included $3.2 million of consulting, legal, and other expenses related to the pending acquisition of Arbitron by Nielsen Holdings N.V., which impacted net income by $0.12 per share. Excluding the expenses directly related to the pending acquisition, earnings per share for the first quarter would have been $0.72 per share.
On average, three analysts polled by Thomson Reuters expected the company to report profit of $0.71 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $111.18 million for the quarter.
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