leadf
logo-loader
viewArbitron

Arbitron's fourth quarter profit tops views

financial_350_4d5c0dbe87f05.jpg

Arbitron (NYSE:ARB) said Wednesday its fourth quarter profits jumped 24%, beating analyst estimates, as it continued to roll out its Portable People Meter (PPM) radio ratings service.

The Maryland-based company, which helps advertisers to analyze radio listeners, reported a net income of $15.6 million, or 57 cents per diluted share.  Analysts had predicted a net income of 51 cents a share.

For the year-ago period, the company earned $12.6 million, or 47 cents per diluted share, which included a one-time tax benefit of 17 cents per diluted share.

Meanwhile, revenues rose 10% year-over-year to $111.7 million, mainly due to the roll out of its PPM radio ratings service.  Analysts had expected $109.58 million of revenues.

Net income for the full year was $44.5 million, or $1.64 per diluted share, compared with $42.2 million or $1.58 per diluted share in 2009. Revenue was $395.4 million, up from $385 million.

Looking ahead, CEO of Arbitron, William T. Kerr, said the company will "work to enter new markets by further developing our capabilities in cross-platform services, as well as in media and marketing analytics."

"We believe we can continue to invest appropriately in the quality of our services while increasing margins," he added.

Arbitron also reiterated its 2011 revenue and earnings guidance. It expects revenue to grow between six percent and eight percent and earnings per diluted share to be between $1.90 and $2.05.  The company's shares have soared 74% in the past year.

Quick facts: Arbitron

Price: 25.41 USD

NYSE:ARB
Market: NYSE
Market Cap: $6.45 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Condor Gold set for 'fast track approach to construction in next 6-12...

Condor Gold PLC's (LON:CNR)(TSE:COG) Mark Child talks to Proactive London about their ground investigation program consisting of 20 geotechnical drill holes and 58 test pits at La India project, Nicaragua. Child talks through the details which will focus on the tailings storage facility,...

10 hours, 32 minutes ago

2 min read