Cannae Holdings, Inc. (CNNE) Tops Q4 EPS by 7c, Revenues Miss
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Cannae Reports Fourth Quarter 2018 Results with $1.125 Billion Book Value of Portfolio Company Investments, or $15.58 Per Share
March 14, 2019 6:25 AM EDTLAS VEGAS--(BUSINESS WIRE)-- Cannae Holdings, Inc. (NYSE: CNNE) ("Cannae" or the "Company") today reported operating results for the three and twelve-month periods ended December31, 2018.
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... More