Focus Media Holding Limited Earnings: Exceeds Forecasts with Boost of Profit Rise

Focus Media Holding Limited (NASDAQ:FMCN) reported net income above Wall Street’s expectations for the fourth quarter. Focus Media Holding is engaged in selling out-of-home television advertising time slots on its network of flat-panel television advertising displays located in high traffic areas.

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Focus Media Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for Focus Media Holding Limited rose to $62.2 million (55 cents per share) vs. $47.2 million (33 cents per share) in the same quarter a year earlier. This marks a rise of 32% from the year-earlier quarter.

Revenue: Was $256.4 million for the quarter.

Actual vs. Wall St. Expectations: Focus Media Holding Limited reported adjusted net income of 70 cents per share. By that measure, the company beat the mean estimate of 51 cents per share.

Quoting Management: Jason Jiang, Chairman and Chief Executive Officer of Focus Media said, “We are encouraged by our solid operating performance across all our core business lines as we ended 2011 on a strong note. Our strong fourth quarter performance was partially helped by some advertisers starting advertising campaigns in late 2011 due to an earlier Chinese lunar new year in 2012. Despite a weaker first quarter due to seasonality associated with an earlier Chinese new year, we remain confident over the continuous growth of advertising revenues for 2012. As we look forward to 2012, while we stay focused on improving our core businesses performance, we will continue to explore new business models for employing interactive screens.”

Key Stats:

The company has now topped analyst estimates for the last three quarters. It beat the mark by 10 cents in the third quarter and by 7 cents in the second quarter.

Looking Forward: Analysts appear increasingly optimistic about the company’s results for the next quarter. The average estimate for the first quarter of the next fiscal year has moved up from 31 cents a share to 32 cents over the last ninety days. The average estimate for the fiscal year is $1.53 per share, a rise from $1.42 ninety days ago.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at

To contact the editor responsible for this story: Damien Hoffman at