Cannae Holdings, Inc. (CNNE) Tops Q4 EPS by 38c

Cannae Holdings, Inc. (NYSE: CNNE) reported Q4 EPS of $0.33, $0.38 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $278.5 million versus the consensus estimate of $302.9 million.

Mr. Foley continued, “Ceridian also continues to be an important platform for growth, as can be seen in their fourth quarter results where they reported 28.9% cloud revenue growth driven by a 25.8% increase in Dayforce global active users, both as compared to the year ago period. We remain optimistic about Ceridian’s business and their prospects for continued growth. That said, we continue to prudently rebalance our portfolio having sold 5 million Ceridian shares in the fourth quarter. As of February 21, 2020, Cannae owned 19.8 million shares of Ceridian, representing a 14% ownership stake, worth $1.49 billion based on Ceridian’s closing price of $75.20.”

For earnings history and earnings-related data on Cannae Holdings, Inc. (CNNE) click here.

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