Cannae Reports Fourth Quarter 2018 Results with $1.125 Billion Book Value of Portfolio Company Investments, or $15.58 Per Share

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Go back to Cannae Reports Fourth Quarter 2018 Results with $1.125 Billion Book Value of Portfolio Company Investments, or $15.58 Per Share

Cannae Holdings, Inc. (CNNE) Tops Q4 EPS by 7c, Revenues Miss

March 14, 2019 6:30 AM EDT

Cannae Holdings, Inc. (NYSE: CNNE) reported Q4 EPS of ($0.02), $0.07 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $317.2 million versus the consensus estimate of $324 million.

Highlights

The Company\'s investment in Ceridian HCM Holding, Inc. (NYSE: CDAY) ("Ceridian") is now worth $1.62 billion based on a closing price of $49.67 as of March 13, 2019.On November 16, 2018, the Company completed the sale of 4,396,694 shares of common stock of Ceridian as part of an underwritten secondary public offering at a price of $36.00 per share resulting in net proceeds of... More