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Arbitron Reports 2008 Q1 Financial Results

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Posted by chicagomedia.org on April 23, 2008 at 11:26:49:

Arbitron Reports 2008 Q1 Financial Results
ARBITRON INC. TODAY announced results for the first quarter ended MARCH 31st, 2008. Net income for the quarter was $16.3 million, or $0.57 per share (diluted), compared with $15.5 million, or $0.52 per share (diluted), for the first quarter of 2007.

For the first quarter of 2008, the Company reported revenues of $94.1 million, an increase of 5.5% over revenue of $89.1 million during the first quarter of 2007.

Costs and expenses for the first quarter increased by 4.4%, from $60.6 million in 2007 to $63.3 million in 2008, due to planned expenditures for the PORTABLE PEOPLE METER ratings panels in NEW YORK, NASSAU-SUFFOLK, MIDDLESEX-SOMERSET-UNION, LOS ANGELES, RIVERSIDE-SAN BERNARDINO, CHICAGO, SAN FRANCISCO, SAN JOSE, DALLAS-FT. WORTH and DETROIT. In the first quarter of 2008, share-based compensation amounted to $1.6 million, up from $1.3 million in the first quarter of 2007.

Earnings before interest and income tax expense (EBIT) for the quarter were $26.8 million, an increase of 8.3% compared with EBIT of $24.7 million for the first quarter of 2007.

Income from continuing operations for the quarter was $16.3 million or $0.58 per share (diluted), compared with $15.5 million, or $0.52 per share (diluted) in the first quarter of 2007.

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: Arbitron Reports 2008 Q1 Financial Results : ARBITRON INC. TODAY announced results for the first quarter ended MARCH 31st, 2008. Net income for the quarter was $16.3 million, or $0.57 per share (diluted), compared with $15.5 million, or $0.52 per share (diluted), for the first quarter of 2007. : For the first quarter of 2008, the Company reported revenues of $94.1 million, an increase of 5.5% over revenue of $89.1 million during the first quarter of 2007. : Costs and expenses for the first quarter increased by 4.4%, from $60.6 million in 2007 to $63.3 million in 2008, due to planned expenditures for the PORTABLE PEOPLE METER ratings panels in NEW YORK, NASSAU-SUFFOLK, MIDDLESEX-SOMERSET-UNION, LOS ANGELES, RIVERSIDE-SAN BERNARDINO, CHICAGO, SAN FRANCISCO, SAN JOSE, DALLAS-FT. WORTH and DETROIT. In the first quarter of 2008, share-based compensation amounted to $1.6 million, up from $1.3 million in the first quarter of 2007. : Earnings before interest and income tax expense (EBIT) for the quarter were $26.8 million, an increase of 8.3% compared with EBIT of $24.7 million for the first quarter of 2007. : Income from continuing operations for the quarter was $16.3 million or $0.58 per share (diluted), compared with $15.5 million, or $0.52 per share (diluted) in the first quarter of 2007.

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