Cannae Holdings reported Q2 earnings with a $2.32 EPS miss, 22.8% YoY revenue decline, and stock price drop.

Cannae Holdings (NYSE: CNNE) reported Q2 earnings, missing EPS consensus by $2.32, with a quarterly loss of $2.49 EPS vs expected $0.17 loss. Revenue was $118M, up from $112M estimate, but down 22.8% YoY. Negative ROE was 16.50% and net margin was 74.62%. Stock price fell $0.82 to $19.13, plans a $0.12 qtrly dividend payable on Sept 30th. Market cap $1.20B, P/E -3.52, beta 0.88.

August 12, 2024
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