CDK Global: Fiscal Q3 Earnings Snapshot
HOFFMAN ESTATES, Ill. (AP) _ CDK Global Inc. (CDK) on Thursday reported fiscal third-quarter net income of $66.1 million.
On a per-share basis, the Hoffman Estates, Illinois-based company said it had profit of 56 cents. Earnings, adjusted for one-time gains and costs, came to 78 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The provider of technology and marketing services to auto dealers posted revenue of $459.7 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $460.3 million.
CDK Global shares have risen 30% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $54.42, a climb of almost 1% in the last 12 months.