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Ceridian: 1Q Earnings Snapshot

MINNEAPOLIS (AP) _ Ceridian HCM Holding Inc. (CDAY) on Wednesday reported first-quarter net income of $11.2 million, after reporting a loss in the same period a year earlier.

The Minneapolis-based company said it had profit of 8 cents per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The provider of human-resources software and services posted revenue of $203.7 million in the period, which also missed Street forecasts. Seven analysts surveyed by Zacks expected $204.3 million.

For the current quarter ending in July, Ceridian said it expects revenue in the range of $191 million to $193 million.

The company expects full-year revenue in the range of $810 million to $815 million.

Ceridian shares have risen 50% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $51.73, a climb of 64% in the last 12 months.


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