CDK Global: Fiscal 1Q Earnings Snapshot
HOFFMAN ESTATES, Ill. (AP) _ CDK Global Inc. (CDK) on Tuesday reported fiscal first-quarter profit of $82 million.
The Hoffman Estates, Illinois-based company said it had net income of 67 cents per share. Earnings, adjusted for one-time gains and costs, came to 79 cents per share.
The provider of technology and marketing services to auto dealers posted revenue of $494.6 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $480.8 million.
CDK Global expects full-year earnings in the range of $3.30 to $3.50 per share, with revenue in the range of $2 billion to $2.05 billion.
CDK Global shares have climbed 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $52.17, a decrease of nearly 10% in the last 12 months.