Cannae Reports First Quarter 2020 Results

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Go back to Cannae Reports First Quarter 2020 Results

Cannae Holdings, Inc. (CNNE) Misses Q1 EPS by 26c, Revenues Miss

May 7, 2020 6:45 AM EDT

Cannae Holdings, Inc. (NYSE: CNNE) reported Q1 EPS of ($0.21), $0.26 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $226.3 million versus the consensus estimate of $243.2 million.

Highlights

On January 30, 2020, Dun & Bradstreet (D&B) repriced its $2.53 billion term loan B facility reducing its interest rate by 100 basis points with a further 25 basis point reduction upon completion of a public offeringOn February 19, 2020, Cannae sold 3.9 million common shares of Ceridian HCM Holdings Inc.... More