Cannae Reports Second Quarter 2018 Results With $1.08 Billion Book Value of Portfolio Company Investments, or $15.03 Per Share

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Go back to Cannae Reports Second Quarter 2018 Results With $1.08 Billion Book Value of Portfolio Company Investments, or $15.03 Per Share

Cannae Holdings, Inc. (CNNE) Misses Q2 EPS by 20c, Revenues Miss

August 13, 2018 6:28 AM EDT

Cannae Holdings, Inc. (NYSE: CNNE) reported Q2 EPS of ($0.26), $0.20 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $303.9 million versus the consensus estimate of $308 million.

I am pleased with our second quarter results and the progress that we achieved positioning Cannae to deliver continued growth and value for shareholders, commented Chairman William P. Foley, II. Cannae owns 37,135,921 shares representing a 27% stake in Ceridian which is now worth $1.31 billion based upon the company's closing price of $35.19 on August 10, 2018. We continue to be pleased with Ceridians growth and opportunity... More