Dun & Bradstreet Q2 Profit From Cont. Ops. Decreases; Reaffirms 2015 Guidance

(RTTNews) - Dun & Bradstreet (DNB) reported that its second-quarter net income from continuing operations attributable to company decreased to $29.6 million or $0.81 per share from $47.7 million or $1.29 per share, last year.

The company reported a second quarter net loss to company of $7.9 million compared to profit of $49.9 million, a year ago. Loss per share was $0.22, compared to profit of $1.35 in the second quarter 2014. The company noted that its GAAP results include a loss of $38.2 million related to the divestiture of Australia and New Zealand in addition to acquisition-related expenses. Adjusted earnings per share was $1.25, for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $1.31 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $375.4 million from $368.0 million last year. GAAP revenue was up 5% year over year, before the effect of foreign exchange. Revenue was up 2% after the effect of foreign exchange.

Adjusted revenue was $381.6 million compared to $368.0 million, prior year. Adjusted revenue was up 6% year over year, before the effect of foreign exchange. Adjusted revenue was up 4% after the effect of foreign exchange. Analysts expected revenue of $405.02 million for the quarter.

Dun & Bradstreet reaffirmed its financial guidance for the full year 2015. The company announced its Board has declared a quarterly cash dividend of $0.4625 per share.