Boston, MA 02/12/2013 (wallstreetpr) – The fourth-quarter profit of Dun & Bradstreet Corp (NYSE:BND)’s shares heightened to 9.7% marking the company’s robust international growth. However on Monday it saw a major fall as the profit lowered down to a value less than the expectation.
Situated in Short Hills, N.J, the company engages in selling credit and business data to financial firms, government agencies and several others makes money out of it.
For the period which ended on Dec. 31, Dun & Bradstreet (NYSE:BND) encountered a net income of $96 million, or $2.20 per share to make a comparison with $93.4 million, or $1.93 per share, a year ago. The company attained a profit of $2.38 per share on an adjusted basis if the one-time items are not considered.
Total revenue of the company slashed down to $463.1 million which includes the prior year’s results from businesses that was sold out or shut down. Polling made by the analysts from FactSet expected that the company will earn $2.46 per share on revenue of $477.9 million.
For the year 2012, the company gained a net profit of $295.4 million, or $6.43 per share, on revenue of $1.66 billion.
Dun & Bradstreet (NYSE:BND) alleged that it is expecting to the earnings per share will shoot up to 8% to 11 % for the 2013 before any charges. Furthermore it expects there will be increment in the core revenue for the year from 0 to 3 percent, in advance of the effect of foreign exchange.
The company predicts that in 2013 the earning per share of $7.90 on revenue of $1.71 billion on an average. In addition to this the company keeps and expectation to find $70 million to $80 million 2013 and apprehends to acquire a total of $17 million to $22 million.
The shares of Dun & Bradstreet Corp (NYSE:BND) were down by 0.02% and currently trading at $83.27.
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Published by Brendan Byrne
While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance.
The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor.
He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala.
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