CDK Global: Fiscal 2Q Earnings Snapshot

HOFFMAN ESTATES, Ill. (AP) _ CDK Global Inc. (CDK) on Tuesday reported fiscal second-quarter profit of $89 million.

The Hoffman Estates, Illinois-based company said it had profit of 70 cents per share. Earnings, adjusted for one-time gains and costs, were 98 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.

The provider of technology and marketing services to auto dealers posted revenue of $590.4 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $577.9 million.

CDK Global expects full-year earnings in the range of $3.70 to $3.80 per share, with revenue in the range of $2.32 billion to $2.35 billion.

CDK Global shares have risen 3 percent since the beginning of the year. The stock has decreased 28 percent 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