Cannae Reports Third Quarter 2018 Results with $1.09 Billion Book Value of Portfolio Company Investments, or $15.18 Per Share
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Cannae Holdings, Inc. (CNNE) Tops Q3 EPS by 2c, Revenues Beat
November 8, 2018 6:27 AM ESTCannae Holdings, Inc. (NYSE: CNNE) reported Q3 EPS of $0.02, $0.02 better than the analyst estimate of $0.00. Revenue for the quarter came in at $293.5 million versus the consensus estimate of $287 million.
I am pleased with the progress that we achieved positioning Cannae to deliver continued growth and value for our shareholders, commented Chairman William P. Foley, II. During the quarter, Ceridian delivered impressive results, highlighted by 29% cloud revenuegrowth driven by the addition of 610 Dayforce customers from the year ago period. Cannae currently owns 37,135,921 shares in Ceridian representing a 27% ownership stake that is now worth $1.46 billion based... More
