D&B (NYSE: DNB) announced preliminary results for the second quarter ended June 30, 2013, in conjunction with its 2013 Investor Day which was held on July 26, 2013 in New York. Core revenue for the second quarter of 2013 was $386.4 million, up 1% both before and after the effect of foreign exchange, as compared to the prior year similar period. Operating income before non-core gains and charges for the second quarter of 2013 was $99.6 million, down 13% from the prior year similar period.
Preliminary Second Quarter 2013 Segment Results:
North America: Core and total revenue for the second quarter of 2013 was $278.7 million, flat both before and after the effect of foreign exchange, as compared to the prior year similar period.
Total International: Core revenue for the second quarter of 2013 was $107.7 million, up 6% before the effect of foreign exchange (up 3% after the effect of foreign exchange), as compared to the prior year similar period.
Asia Pacific core revenue for the second quarter of 2013 was $49.3 million, up 8% before the effect of foreign exchange (up 7% after the effect of foreign exchange), as compared to the prior year similar period;
Europe & other core revenue for the second quarter of 2013 was $58.4 million, up 3% before the effect of foreign exchange (flat after the effect of foreign exchange), as compared to the prior year similar period.
Full Year 2013 Guidance: D&B today reaffirmed its financial guidance for the full year 2013: Core revenue growth of 0% to 3%, before the effect of foreign exchange; Operating income decline of 6% to 3%, before non-core gains and charges, including $25 million to $30 million in costs related to the deployment of our new data supply chain.
Source: D&B Press Release
