Canada's MDC Partners Inc raised its 2012 revenue outlook by $50 million, as the advertising holding company won new businesses and formed a joint venture in Brazil. The company raised its 2012 revenue outlook to between $1.05 billion and $1.08 billion from the earlier estimate of between $1 billion and $1.03 billion.MDC also raised its estimate for earnings before interest, taxes, depreciation, and amortization by $8 million to between $110 million and $115 million."We have won some significant pieces of business, completed three strategic investments that are highly accretive, and entered into a joint venture in Brazil," Chief Executive Miles Nadal said in a statement.
MDC Partners Inc. (MDC) is a provider of marketing communications services to customers globally. Shares of MDCA remained unchanged at $10.46. In the past year, the shares have traded as low as $10.37 and as high as $20.99. On average, 131973 shares of MDCA exchange hands on a given day and today's volume is recorded at 0.
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