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Nielsen (NLSN) Alert: Johnson Fistel Investigates Nielsen Holdings Following Second Quarter Report; Investors Encouraged to Contact Firm

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Nielsen (NLSN) Alert: Johnson Fistel Investigates Nielsen Holdings Following Second Quarter Report; Investors Encouraged to Contact Firm

PR Newswire

SAN DIEGO, Aug. 2, 2018 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP is investigating potential claims against Nielsen Holdings plc (NYSE:NLSN) ("Nielsen"). Nielsen describes itself as a leading global performance management company providing its clients a comprehensive understanding of what consumers watch and what they buy and how those choices intersect.

The investigation concerns whether Nielson and certain of its officers or directors have violated federal securities laws. 

On July 25, 2018, Nielson reported second-quarter results that fell short of analysts' projections. Quarterly revenue grew 0.6% year over year to $1.647 billion, while adjusted earnings dropped by almost half to $0.20 per share. Consensus estimates called for far higher earnings of $0.37 per share on revenue of $1.71 billion. Nielsen also reduced its 2018 guidance to call for revenue to decline 1% year over year (compared to 3% growth previously) and for GAAP net income per share of $0.95 to $1.00 (down from $1.50 to $1.56 before). In a separate release issued on July 25, 2018, Nielsen announced that James Attwood would assume the role of Executive Chairman of the Board and Mitch Barns, current CEO, would retire at the end of 2018.

Following the news, Nielson stock closed down 25.23% on July 26, 2018.

The investigation concerns whether Nielson and certain of its officers and or directors have engaged in securities fraud or other unlawful business practices.  If you are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonfistel.com) by email or by phone at 619-814-4471. If you email, please include your phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com  

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SOURCE Johnson Fistel, LLP

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