Ceridian: Q1 Earnings Snapshot
MINNEAPOLIS (AP) _ Ceridian HCM Holding Inc. (CDAY) on Wednesday reported a loss of $27.4 million in its first quarter.
The Minneapolis-based company said it had a loss of 18 cents per share. Earnings, adjusted for one-time gains and costs, came to 13 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The provider of human-resources software and services posted revenue of $293.3 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $289.7 million.
For the current quarter ending in July, Ceridian said it expects revenue in the range of $293 million to $296 million.
The company expects full-year revenue in the range of $1.21 billion to $1.23 billion.
Ceridian shares have decreased 41% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $61.24, a drop of 32% in the last 12 months.