CDK Global (CDK) Tops Q1 EPS by 14c

CDK Global (NASDAQ: CDK) reported Q1 EPS of $0.82, $0.14 better than the analyst estimate of $0.68. Revenue for the quarter came in at $494 million versus the consensus estimate of $471.55 million.

"We are starting the year off strong, as the strategic investments we've made over the last two years increase our momentum and deliver accelerated results. Driven by our dealer-centric focus and the visible progress we've made on our technology roadmap, we achieved record first quarter sales and seven straight quarters of year-over-year site growth in our key North America auto market," said Brian Krzanich, CDK chief executive officer. "Building off the strength of our core business, we are leading in strategic innovations and transforming the way the industry connects."

GUIDANCE:

CDK Global sees FY2021 EPS of $3.10-$3.40, versus the consensus of $3.09. CDK Global sees FY2021 revenue of $2-2.05 billion, versus the consensus of $1.96 billion.

For earnings history and earnings-related data on CDK Global (CDK) click here.

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