Cannae Holdings Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Cannae Holdings (NYSE:CNNE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$113.9m (down 21% from 3Q 2023).
• Net loss: US$13.6m (loss narrowed by 91% from 3Q 2023).
• US$0.22 loss per share (improved from US$2.18 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cannae Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) missed analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Cannae Holdings.

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