** charts before earnings **
** charts after earnings **
Nielsen misses by $0.02, misses on revs; guides FY16 below consensus :
- Reports Q3 (Sep) earnings of $0.74 per share, $0.02 worse than the Capital IQ Consensus of $0.76; revenues rose 2.5% year/year to $1.57 bln vs the $1.59 bln Capital IQ Consensus.
- Co issues downside guidance for FY16, sees EPS of $2.73-2.79 vs. $2.87 Capital IQ Consensus Estimate, down from prior guidance of $2.83-2.93. Sees total revenue growth on a constant currency basis of 3.5% - 4.0%, down from prior guidance for revs +4-6% ; now sees Adjusted EBITDA Margin Growth of30 basis points.
- "In the Buy segment, while emerging markets continued to produce top-line growth, our results in the developed markets were disappointing, particularly in the U.S. Many of our clients are seeking efficiency and productivity in the face of a challenging growth environment. Given these evolving needs, we are realigning our portfolio by exiting non-core services, reallocating resources and accelerating our investments in our strategic initiatives to help our clients grow and to better position our business for the future. In short, our Buy business is working through a process of change that is similar to what we've been executing on successfully in our Watch business."
** 2 weeks after earnings **
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