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Dun & Bradstreet Shares Fall as Q2 Revenue Misses Estimates
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Dun & Bradstreet Shares Fall as Q2 Revenue Misses Estimates
Aug 1, 2024 7:23 AM

09:45 AM EDT, 08/01/2024 (MT Newswires) -- Dun & Bradstreet ( DNB ) shares were falling past 7.7% in recent Thursday trading after the company's Q2 revenue missed analysts' estimates.

The company reported Q2 adjusted earnings Thursday of $0.23 per diluted share, up from $0.22 a year earlier. Analysts polled by Capital IQ expected $0.23.

Revenue for the quarter ended June 30 was $576.2 million, up from $554.7 million a year earlier. Analysts surveyed by Capital IQ expected $580.7 million.

The company also said it still expects 2024 adjusted diluted EPS between $1 and $1.04. It also said revenue, after the impact of forex, is expected to be at the low end of its previous range of $2.4 billion to $2.44 billion.

Analysts polled by Capital IQ expect normalized EPS of $1.03 on revenue of $2.42 billion.

Price: 10.05, Change: -0.84, Percent Change: -7.67

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