Dun & Bradstreet Q2 Profit Up

(RTTNews) - Dun & Bradstreet Corp. (DNB) Wednesday reported a increase in second-quarter profit and revenues.

Net income attributable to D&B common shareholders rose to $57.5 million or $1.44 per share, from $56.5 million or $1.20 per share last year.

Earnings per share before non-core gains and charges for the quarter ended June 30 were $1.53 per share, up 2 percent from $1.50 per share last year, including the impact from a lower effective tax rate primarily due to a state tax refund.

On average, four analysts polled by Thomson Reuters expected earnings per share of $1.92 for the second quarter. Analysts' estimates typically exclude one-time items.

Total revenues increased to $386.4 million from $383.9 million a year ago. Analysts expected the company to report revenues of $413.16 million.

The company further affirmed its full-year earnings per share growth of 8 percent to 11 percent, before non-core gains and charges, and core revenue growth of 0 percent to 3 percent, before the effect of foreign exchange.