For Immediate Release
Chicago, IL – November 2, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Dun & Bradstreet Corp. (DNB), R.R. Donnelley & Sons (RRD), Iron Mountain (IRM), Experian (EXPGY) and Equifax (EFX).
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Here are highlights from Friday’s AnalystBlog:
Dun & Bradstreet Beats, Reaffirms
Dun & Bradstreet Corp. (DNB), a well-known provider of business information, reported fiscal third-quarter earnings before non-core gains and one-time charges of $1.13 per share, beating the Zacks Consensus Estimate by a penny. EPS results increased one cent from the year-ago profit of $1.12 per share.
Meanwhile, core revenues (excluding revenues of $10.2 million in the year-ago period associated with the domestic portion of Italian operations which have been divested) were $399 million in the quarter, flat with the year-ago period. Revenues were slightly above the Zacks Consensus estimate of $396.2 million. Including the impact of the divested business and the unfavorable impact of foreign exchange, total revenue decreased 2.5% to $399 million.
Core revenues were positively impacted by Sales & Marketing Solutions revenues (26.5% of total core revenue), which were up 2% year over year to $105.9 million, offset by flat revenues from Risk Management Solutions (66% of total core revenue) to $264.8 million, and a decrease of 9% in Internet Solutions revenue (7.5% of total core revenue) to $28.3 million, after the effect of foreign exchange.
Quarterly results were in line with management’s expectation due to the strong performance of the International segment. Core revenues in the International segment increased 13% year over year to $88.2 million after the foreign exchange impact.
However, the fall in North America sales led to a decrease in revenue. Core revenues from the segment fell 3% year over year to $310.8 million after the foreign exchange impact. However, it was in line with the company’s expectation.
Operating income before non-core gains and charges fell 3% to $104.8 million from the prior year. During the current quarter, the company also incurred transition costs of $4 million, which hurt the margin.
The company aims to invest only in high margin businesses, while divesting the less profitable ones. We remain positive on its growing customer relationship and customer renewal rates. Around 64% of North America risk management customers renewed their subscriptions in the current quarter.
While, Dun & Bradstreet faces competition from R.R. Donnelley & Sons (RRD), Iron Mountain (IRM), Experian (EXPGY) and Equifax (EFX), DNB's competitive position remains strong.
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