Dun & Bradstreet (DNB) Q3 Earnings & Revenues Lag Estimates
Zacks Investment Research | Nov 01, 2018 11:19PM ET
The Dun & Bradstreet Corporation (NYSE:DNB) reported disappointing third-quarter 2018 results, wherein both earnings and revenues missed the Zacks Consensus Estimate.
Adjusted EPS came in at $1.85, which lagged the consensus mark by 15 cents. However, the figure improved 3.4% on a year-over-year basis. Total revenues of $407.3 million missed the consensus mark by $26.3 million and declined 4.9% year over year, both before and after the effect of foreign exchange.
Adjusted revenues totaled $416.7 million, which declined 3.1% year over year, both before and after the effect of foreign exchange. Also, organic revenues decreased 3% on a year-over-year basis.
As of Sep 30, 2018, deferred revenues were $528.9 million, per ASC 606 standards. Deferred revenues, as of Sep 30, 2018, were $615.3 million, up 1% year over year.
On Aug 8, 2018, Dun & Bradstreet announced that it has agreed to be acquired by an affiliate of CC Capital. The transaction, valued at $6.9 billion, is expected to be completed by the end of this year.
Notably, shares of Dun & Bradstreet have gained 25.1% in a year’s time, outperforming the 13.9% growth of the Original post
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