Nielsen beats by $0.03, reports revs in-line; reaffirms FY19 guidance; says focused on completing strategic review in a timely manner
- Reports Q1 (Mar) earnings of $0.35 per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of $0.32; revenues fell 2.9% year/year to $1.56 bln vs the $1.57 bln S&P Capital IQ Consensus.
- Co reaffirms guidance for FY19, sees EPS of $1.63-1.77, excluding non-recurring items, vs. $1.69 S&P Capital IQ Consensus; continues to see revenue growth on a constant currency basis of flat to +1.5%
- "The strategic review is ongoing and the Board is focused on completing the process in as timely a manner as possible. We remain focused on executing on our growth strategy, and we're taking the right steps to position the company for both near and long-term success in order to maximize value for all of our shareholders.