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April 30, 2020, 6:50 a.m. EDT

Nielsen profit falls short of estimates

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By Matt Grossman

Nielsen Holdings Plc on Thursday recorded an adjusted profit that fell slightly short of analysts' expectations as revenue remained nearly unchanged year over year.

The New York City-based data and information company reported a net loss of $18 million, or five cents a share, compared with a profit of $43 million, or 12 cents a share, for the same period a year earlier.

On an adjusted basis, Nielsen reported a profit of 29 cents a share. Analysts' consensus had forecast an adjusted profit of 33 cents a share.

Revenue was $1.56 billion, roughly flat from 2019's first quarter. Analysts were expecting revenue of $1.58 billion.

Write to Matt Grossman at matt.grossman@wsj.com

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