WASHINGTON (dpa-AFX) - Dun & Bradstreet Corp. (DNB) Monday said its profit for the first quarter increased, due mainly to lower income tax provisions.
The Short Hills, New Jersey-based company reported a first-quarter net profit attributable to common shareholders of $63.4 million or $1.32 per share, compared to $49.8 million or $1.00 per share last year.
Adjusted net income for the quarter rose to $65.2 million or $1.35 per share from $64.4 million or $1.29 per share in the prior-year quarter. On average, eight analysts polled by Thomson Reuters expected the company to earn $1.35 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter dropped to $402.8 million from $403.6 million in the prior-year quarter. Seven analysts had a consensus revenue estimate of $397.50 million for the quarter.
For the quarter, provision for income tax decreased to $8.3 million from $29.1 million in the similar quarter last year.
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