Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of credit data provider Dun & Bradstreet (NYSE: DNB) fell 14% today after releasing earnings after the market closed yesterday.

So what: The company saw revenue fall slightly to $402.8 million and earnings per share rise 27% to $63.4 million, or $1.32 per share. On an adjusted basis, earnings were $1.35 per share, $0.03 below estimates. The company also said it would be closing an embattled Chinese unit and lowered growth guidance to flat to 3% growth.

Now what: There is a lot of uncertainty for the company right now, and investors are taking a cautious approach. The slower growth should be expected with the loss of the Chinese unit, but beyond that shares aren't looking terrible from a value perspective. Dividend yield is currently at 2% and shares trade at 12 times trailing earnings. I'm not jumping in the fire just yet, but if shares continue to fall the value proposition becomes pretty strong.

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