Arbitron Earnings: Here’s Why Investors are Excited Now
Arbitron Inc. (NYSE:ARB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.06%.
Arbitron Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 12.5% to $0.72 in the quarter versus EPS of $0.64 in the year-earlier quarter.
Revenue: Rose 5.09% to $111.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Arbitron Inc. reported adjusted EPS income of $0.72 per share. By that measure, the company beat the mean analyst estimate of $0.71. It beat the average revenue estimate of $111.18 million.
Quoting Management: Said Sean R. Creamer, President and Chief Executive Officer:
“In the first quarter, we continued to pursue our long-standing objectives: maintaining our investments in the quality of our radio ratings services, growing our core revenue, and entering new markets such as digital radio, cross-platform, and mobile.
“Our focus on the quality of our core services helped us achieve Media Rating Council accreditation of four additional Portable People Meter markets in February. Our goal remains achieving or maintaining accreditation in all our syndicated radio markets.
“We continue working to leverage our investment in the PPM technology and consumer panels utilizing our platform in new initiatives such as advertising and promotion effectiveness studies, while enhancing our measurement capabilities for radio and across platforms.”
Key Stats (on next page)…