Arbitron Inc. Updates Financial Guidance for 2005.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Arbitron Inc. (NYSE NYSE See: New York Stock Exchange : ARB) today announced that it is revising its financial guidance for the full year 2005 to reflect the reversal of certain tax contingencies following an income tax audit. The net benefit of the change is $3.9 million. The effective tax rate for 2005, exclusive of this discrete event, remains at 38.5%. Taking into account this tax benefit, Arbitron now expects net income to be between $62.7 million and $64.0 million for the year ending December 31, 2005, compared to its previous estimate of between $58.7 million and $60.0 million. Earnings Per Share (diluted) for the year is now expected to be between $1.99 and $2.03, compared to its previous estimate of $1.87 to $1.91. Annual guidance for Earnings Before Interest & Taxes (EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). ) and Revenue for 2005 is unchanged as a result of this event. For the second quarter, as a result of the tax benefit as well as some timing differences related to Project Apollo and other research and development projects, Arbitron now expects the second quarter Earnings Per Share (diluted) to be between $0.43 and $0.45, compared to its previous estimate of $0.28 to $0.30. As previously stated on May 2, 2005, Arbitron expects revenue to increase between 5.5 percent and 7.5 percent compared to the second quarter of 2004. About Arbitron Arbitron Inc. (NYSE: ARB) is an international media and marketing research firm serving radio broadcasters, cable companies, advertisers, advertising agencies, outdoor advertising companies and the online radio ratings industry in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Mexico and Europe. Arbitron's core businesses are measuring network and local market radio audiences across the United States; surveying the retail, media and product patterns of local market consumers; and providing application software used for analyzing media audience and marketing information data. The Company has also developed the Portable People Meter The Portable People Meter (sometimes mistakenly "Personal People Meter") or PPM, is a device developed by Arbitron to measure how many people are listening (or at least exposed) to individual radio stations and television stations, including cable TV. (PPM), a new technology for media and marketing research. Arbitron's marketing and business units are supported by its research and technology organization, located in Columbia, Maryland Columbia is a census-designated place and planned community in Howard County, Maryland, United States. It is a suburb of Baltimore, and, to a lesser degree, Washington, DC. It began with the idea that a city could enhance its residents' quality of life. . Arbitron has approximately 1,700 employees; its executive offices are located in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Through its Scarborough Research joint venture with VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User , Inc., Arbitron also provides media and marketing research services to the broadcast television, magazine, newspaper and online industries. PPM(SM) is a service mark of Arbitron Inc. |
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