D&B Q3 Profit Declines; Backs FY09 Guidance - Quick Facts

Dun & Bradstreet Corp. (DNB) reported third quarter GAAP net income attributable to company of $54.0 million or $1.02 per share, compared to $65.1 million or $1.18 per share in the year-ago period.

Net income before non-core gains and charges for the third quarter of 2009 was $60.1 million or $1.13 per share, compared to $62.1 million or $1.12 per share in last year quarter.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $1.12 per share. Analysts' estimates typically exclude special items.

Total revenue for the third quarter of 2009 was $399.0 million, lower than $409.2 million in the previous year period. Core revenue remained flat with last year period at $399.0 million. Six Wall Street analysts expected revenues of $396.19 million.

Looking forward, for the fiscal year 2009, D&B reconfirmed earnings per share growth in the range of 1% to 5%, before non-core gains and charges. Core revenue is still expected to be down 1% to up 1% , before the effect of foreign exchange.

by RTTNews Staff Writer

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