Nielsen Reports 3rd Quarter 2019 Results
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Nielsen (NLSN) Opts for Spin Instead of Sale with Support of Elliott
November 7, 2019 8:14 AM ESTNielsen's (NASDAQ: NLSN) year-long review of strategic alternatives has finally come to a close. Instead of selling itself, in whole or in part, the media company believes the best path forward is to spin-off its Global Connect business. This will create two independent, publicly-traded companies - the Global Media business and the Global Connect business. Further, the company reduced its dividend 83 percent in an effort to strengthen the balance sheets of the two companies ahead of the separation. Large holder Elliott Management supports the plan.
The company had offers for both pieces... More
Nielsen Holdings (NLSN) Lowers Quarterly Dividend 82.9% to $0.06; 1.1% Yield
November 7, 2019 7:21 AM ESTNielsen Holdings (NYSE: NLSN) declared a quarterly dividend of $0.06 per share, or $0.24 annualized. This is an 82.9% decrease from the prior dividend of $0.35.
The dividend will be payable on December 5, 2019, to stockholders of record on November 21, 2019, with an ex-dividend date of November 20,... More
Nielsen Holdings (NLSN) Tops Q3 EPS by 9c; Raises FY19 EPS Guidance
November 7, 2019 6:23 AM ESTNielsen Holdings (NYSE: NLSN) reported Q3 EPS of $0.51, $0.09 better than the analyst estimate of $0.42. Revenue for the quarter came in at $1.62 billion versus the consensus estimate of $1.61 billion.
Third Quarter 2019 Results
3rd quarter revenues were $1,616 million, up 1.0%, or 2.4% on a constant currency basis, compared to the prior year. Nielsen Global Media revenues increased 3.9% to $870 million, or 4.6% on a constant currency basis, compared to the prior year. Audience Measurement revenues increased 4.2%, or 4.7% on a constant currency basis, primarily due to continued client adoption of our Total Audience Measurement system, partly offset by... More