Dun & Bradstreet
posted fourth-quarter earnings Wednesday that squeaked past Wall Street's slightly lowered estimates.
The business information company said its earnings from continued operations were 59 cents a share, excluding one-time charges, up from 51 cents a share in the year-ago period. Four analysts polled by
First Call/Thomson Financial
were calling for the company to post earnings of 58 cents for the quarter. The consensus estimate was lowered by a penny earlier this month.
Operating income was $92.1 million and income from continued operations checked in at $49.3 million, both excluding one-time items. Revenue grew to $378.4 million, an 8% year-over-year increase before the effect of foreign exchange, and a 2% increase as reported.
The company said its forecast for 10% per-share earnings growth, 10% operating income growth and 3% revenue growth for 2001 remains unchanged. A four-analyst consensus is calling for the company to earn $1.66 for the year, up from the $1.50 in 2000.
Shares of Dun & Bradstreet, which is based in Murray Hill, N.J., gained 29 cents, or 1.2%, to $24.95 in regular-session
New York Stock Exchange