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Ceridian: 4Q Earnings Snapshot

MINNEAPOLIS (AP) _ Ceridian HCM Holding Inc. (CDAY) on Wednesday reported a fourth-quarter loss of $1.5 million, after reporting a profit in the same period a year earlier.

The Minneapolis-based company said it had a loss of 1 cent per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 8 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.

The provider of human-resources software and services posted revenue of $221.8 million in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $220.5 million.

For the year, the company reported net income of $78.7 million, or 53 cents per share, swinging to a profit in the period. Revenue was reported as $824.1 million.

For the current quarter ending in April, Ceridian said it expects revenue in the range of $221 million to $223 million.

The company expects full-year revenue in the range of $903 million to $908 million.

Ceridian shares have climbed slightly more than 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $73.56, a climb of 69% 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