Dun & Bradstreet Reaffirms Full Year Guidance

(RTTNews) - Dun & Bradstreet (DNB) announced the company continues to expect its full year adjusted revenue growth 6% to 9%, before the effect of foreign exchange; adjusted operating income of flat to growth of 4%; and as adjusted EPS to be between decline of 3% to growth of 1%.

Bob Carrigan, CEO of Dun & Bradstreet, said: "The integrations of our recent acquisitions are on track. Also, demand for our newer solutions resulted in our strongest growth in deferred revenue in our Americas segment in several years."

For the third quarter, as adjusted earnings per share was $1.84, up 3% from $1.78 in the third quarter 2014; GAAP earnings per share were $1.62, down from $1.85 in the third quarter 2014. As Adjusted operating income was $106.0 million, up 1% year over year and GAAP operating income of $85.0 million, down 10% year over year. The company said its GAAP results were negatively impacted by acquisition-related expenses such as amortization of intangibles.

For the third-quarter, as adjusted revenue were up 8% year over year, before the effect of foreign exchange; flat organic growth before the effect of foreign exchange. GAAP revenue was up 6% year over year, before the effect of foreign exchange.