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The Short Hills, New Jersey-based company reported net income for the first quarter of $104.2 million or $1.93 per share, compared to $61.2 million or $1.06 per share for the year-ago quarter.
Excluding non-core gains and charges, adjusted net income for the first quarter was $71.9 million or $1.33 per share, compared to $65.3 million or $1.14 per share in the prior year quarter.
On average, 6 analysts polled by Thomson Reuters expected the company to earn $1.22 per share for the first quarter. Analysts' estimates typically exclude special items.
Core and total revenue for the first quarter fell 2% to $407.4 million from $414.7 million in the same quarter last year. Five analysts had a consensus revenue estimate of $416.59 million for the first quarter.
North America revenue for the quarter fell 3% to $321.2 million, while international revenue rose 5%, or 19% before the effect of foreign exchange, to $86.2 million.
North American operating income for the quarter remained essentially flat at $123.2 million, while international operating income rose 35% to $11.6 million.
Share repurchases during the first quarter under the company's discretionary repurchase program totaled $15.0 million, while repurchases made to offset the dilutive effect of shares issued under employee benefit plans totaled an additional $27.1 million. The company ended the quarter with $179.9 million of cash and cash equivalents.
Looking forward, the company reconfirmed its full year 2009 guidance, which calls for core revenue growth of 2% to 5%, before the effect of foreign exchange, and adjusted earnings per share growth of 9% to 12%.
Analysts currently expect the company to earn $5.80 per share on revenue of $1.77 billion for the full year 2009. Among others in the industry, Equifax Inc. (EFX | Quote | Chart | News | PowerRating) last week reported lower first quarter profit, as revenues dropped 10% mainly due to decrease in U.S. Consumer Information Solutions and international segments.
Dun & Bradstreet shares, which have traded in a range of $64.00 to $98.90 over the past year, closed Wednesday's regular trading session at $82.47, up $1.64 or 2.03% but lost 9 cents in after hours trading.
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