R.H. Donnelley Drops After Profit Misses Estimates

R.H. Donnelley Corp., publisher of the Yellow Pages phone directories, dropped the most in 18 years after third-quarter profit missed analysts' estimates.

Net income was $18.1 million, or 25 cents a share, Cary, North Carolina-based Donnelley said today in a statement. Analysts predicted earnings of 28 cents a share, the average of seven estimates compiled by Bloomberg.

The shares declined $7.24 to $53.59 at 4 p.m. in New York Stock Exchange composite trading, a decline of 12 percent, their biggest drop since November 1989. The shares have lost 15 percent this year.

The company reported a loss $35.4 million, or 51 cents, in the year-ago period.

To contact the reporter on this story: Meg Tirrell in New York at mtirrell@bloomberg.net.

To contact the editor responsible for this story: Jennifer Sondag at jsondag@bloomberg.net.

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