CDK Global (CDK) Tops Q1 EPS by 1c, Beats on Revenues; Boosts FY18 EPS Guidance, Reduces FY18 Revenue Guidance

CDK Global (NASDAQ: CDK) reported Q1 EPS of $0.68, $0.01 better than the analyst estimate of $0.67. Revenue for the quarter came in at $565.7 million versus the consensus estimate of $569.28 million.

We have reduced our revenue guidance for the year to 3.0% - 4.0% from 4.0% - 5.0%. We have raised the bottom end of the adjusted diluted net earnings attributable to CDK per share to $2.95 - $3.00 from $2.90 - $3.00.

• First Quarter Revenues Rise 3%, 2% on a Constant Currency Basis
• GAAP Earnings per Share Rise 12% to $0.57, Adjusted Earnings per Share Rise 13% to $0.68
• GAAP Fiscal Year Earnings per Share Guidance Remains Unchanged at $2.37-$2.47, Increases Adjusted Fiscal Year Earnings per Share Guidance to $2.95-$3.00

GUIDANCE:

CDK Global sees FY2018 EPS of $2.95-$3.00, versus the consensus of $2.96.

For earnings history and earnings-related data on CDK Global (CDK) click here.

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