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Dun & Bradstreet Q4 Profit Declines; Provides FY10 Estimates; Raises Quarterly Dividend - Quick Facts 2

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Thursday, Dun & Bradstreet Corp. (DNB) reported fourth-quarter net income attributable to D&B of $84.4 million or $1.61 per share, compared to $100.1 million or $1.85 per share in the same quarter last year.

Earnings before non-core gains and charges for the quarter were $1.75 per share, down 6% from $1.87 per share in the prior year quarter.

On average, six analysts polled by Thomson Reuters expected the company to earn $1.75 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter declined to $463.7 million from $474.7 million in the comparable quarter last year. Analysts expected the company to report revenue of $459.01 million for the quarter.

Looking ahead to the full year 2010, the company expects core revenue growth in the rang of 1% - 3%, before the effect of foreign exchange. Earnings growth is expected to be in the range of 1% - 6%, before non-core gains and charges. Analysts currently anticipate the company to earn $5.82 per share on revenue of $1.73 billion for the full year.

The company also declared an increased quarterly cash dividend of $0.35 per share, up from its prior quarterly dividend payout of $0.34 per share. This quarterly cash dividend is payable on March 18, 2010, to shareholders of record at the close of business on March 3, 2010.

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