Cannae Holdings, Inc. (CNNE) Tops Q2 EPS by 34c, Revenues Miss

Cannae Holdings, Inc. (NYSE: CNNE) reported Q2 EPS of $0.36, $0.34 better than the analyst estimate of $0.02. Revenue for the quarter came in at $102.6 million versus the consensus estimate of $109.7 million.

“The second quarter concluded with the launch of D&B’s initial public offering, which closed subsequent to quarter end. The D&B team continues to execute on its strategic initiatives in spite of a challenging macro-economic environment. Despite prior known headwinds in the quarter, along with the broader impact from COVID-19, we are pleased with the solid performance. As part of the continued transformation, the team executed an additional $14 million in cost savings making significant progress against the increased $250 million target expected to be achieved throughout the remainder of 2020,” commented Chairman William P. Foley, II.

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

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