AP NEWS

CDK Global: Fiscal 1Q Earnings Snapshot

November 5, 2019 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDK at https://www.zacks.com/ap/CDK