Also, corporate credit expert Dun & Bradstreet Corp. (NYSE:DNB) fell –10.62% after issuing disappointing guidance. During a mixed quarterly earnings report, the firm guided toward 1% to 3% revenue growth for 2017; Wall Street had long expected 5% growth this year. A key reason for the disappointment is the restructuring of the firm’s relationship with Salesforce.com, which will likely crimp near term growth. While recent growth has been slower than management or its investors would prefer, we think Dun & Bradstreet is well-positioned for the long term.
From John Rogers (Trades, Portfolio)' first quarter 2017 Ariel Fund shareholder letter.
