Nielsen Holdings Q2 Profit Up, Meets Estimates; Increases Dividend - Quick Facts

(RTTNews) - Nielsen Holdings N.V. (NLSN), Tuesday reported an increase in net income for the second quarter, reflecting a gain from the sale of its Expositions business, as well as higher revenue. The company also increased its quarterly cash dividend by 25 percent.  

Net income attributable to Nielsen stockholders were $426 million or $1.12 per share compared with $104 million or $0.28 per share during the same quarter last year. The results included a $303 million business sale gain.

Adjusted net income per share was $0.49 for the quarter.

On average, thirteen analysts polled by Thomson Reuters expected the company to report profit of $0.49 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the second quarter increased 3 percent to $1.38 billion, or 4 percent on a constant currency basis compared with $1.34 billion during the same quarter last year. Analysts expected the firm to report revenues of $1.40 billion.

The company further said that on July 25, the Board approved a 25 percent increase in quarterly cash dividend to $0.20 per share payable on September 11 to shareholders of record on August 28.