Ceridian (CDAY) Reports Q1 EPS of $0.08

Ceridian (NYSE: CDAY) reported Q1 EPS of $0.08, versus ($0.07) reported last year. Revenue for the quarter came in at $203.7 million, versus $188.8 million reported last year.

Full Year 2019

We are reaffirming the full year ranges we provided on February 6, 2019 for Cloud revenue, total revenue, and Adjusted EBITDA, as follows:

Cloud revenue is expected to be in the range of $655.0 million to $660.0 million.
Total revenue is expected to be in the range of $810.0 million to $815.0 million.
Adjusted EBITDA is expected to be in the range of $182.0 million to $187.0 million.

For each $0.01 change in the U.S. dollar to Canadian dollar foreign exchange rate, we estimate it would affect our full year 2019 guidance ranges for Cloud revenue by approximately $1.6 million, total revenue by approximately $2.0 million, and Adjusted EBITDA by approximately $0.6 million.

Second Quarter 2019

We are issuing guidance for the second quarter of 2019, as follows:

Cloud revenue is expected to be in the range of $154.0�million to $156.0�million.
Total revenue is expected to be in the range of $191.0�million to $193.0�million.
Adjusted EBITDA is expected to be in the range of $37.0 million to $39.0 million.

For earnings history and earnings-related data on Ceridian (CDAY) click here.

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