Dun & Bradstreet Q1 Profit Tops Estimates - Quick Facts

(RTTNews) - Dun & Bradstreet (DNB), the global leader in commercial information growing the most valuable relationships in business through data, reported first-quarter net income to shareholders of $41.0 million or $1.13 per share, compared to $85.3 million or $2.26 per share, prior year. Adjusted earnings per share was $1.33, for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $1.24 for the quarter. Analysts' estimates typically exclude special items.

Total Revenue decreased to $376.2 million from $381.9 million last year. Analysts expected revenue of $383.11 million for the quarter. As Adjusted and GAAP revenue was up 1% year over year, before the effect of foreign exchange.

"Operating income and EPS came in as expected reflecting the impact of the strategic investments made in the second half of 2014. Revenue was slightly below our expectations due to the timing of a large contract that we expect to make up later in the year, and we are on track to deliver our 2015 guidance," said Bob Carrigan, President & CEO of Dun & Bradstreet.

Dun & Bradstreet reaffirmed its underlying financial guidance, before taking into account the acquisition of Dun & Bradstreet Credibility Corp., for the full year 2015.

The company said, as a result of the announced agreement to acquire Dun & Bradstreet Credibility Corp., assuming the acquisition closes as expected during May of 2015, updated financial guidance for the full year 2015 would be: as adjusted revenue growth 6% to 9%, before the effect of foreign exchange; and as adjusted per share results to be between decrease of 3% and increase of 1%.