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Cannae Holdings Swings to Loss in Q1 Amid Softer Revenue

05/10/2021 13:43

05:29 PM EDT, 05/10/2021 (MT Newswires) -- Cannae Holdings (CNNE) on Monday reported a net loss of $2.55 per share in Q1, reversing from a net profit of $8.17 per share a year earlier, and wider than the estimate from two analysts of $0.15 loss per share in a Capital IQ poll, if comparable.

Revenue fell to $171.9 million from $173.0 million a year ago, but still exceeding the $158.70 million estimate.

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