Conduent Incorporated (CNDT) Misses Q1 EPS by 4c
Conduent Incorporated (NYSE: CNDT) reported Q1 EPS of $0.14, $0.04 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.17 billion.
Financial and Strategic Outlook
Conduent provided the following update to guidance ranges for FY 2019:
(in millions) | FY 2018Reported | DivestitureImpact (3) | Adjusted FY2018(4) | UpdatedFY 2019 Guidance | |
Revenue (constant currency)(1) | $5.39B | $752M  | $4.64B | Down (3) - (4)% | |
Adj. EBITDA Margin(2) | 11.9% | 11.5% | 12 - 13% | ||
Adj. Free Cash Flow(2) | $218M | ~30% |
For earnings history and earnings-related data on Conduent Incorporated (CNDT) click here.