Dun & Bradstreet Posts Higher 3Q Profits

SHORT HILLS, NJ- Business information supplier Dun & Bradstreet Corp. said Wednesday that third-quarter profit rose 65 percent to meet Wall Street expectations, but also announced plans to outsource certain processes to IBM which will result in some job losses at the company.

Quarterly earnings were $47.5 million, or 65 cents per share, up from $28.8 million, or 38 cents per share, in the third quarter of 2003.

Analysts surveyed by Thomson First Call were looking for the company to post earnings of 65 cents per share in the latest quarter.

Total revenue for the quarter, which includes the results of divested businesses, was $333.2 million. This result was flat compared with total revenue in the year-ago quarter and down 2 percent before the effect of foreign exchange, as 2003 revenue included $27.9 million sales from businesses that were divested over the past year.

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