Yahoo Finance Cannae Holdings Full Year 2023 Earnings: Misses Expectations
Cannae Holdings (NYSE:CNNE) Full Year 2023 Results
Key Financial Results
Revenue: US$570.0m (down 14% from FY 2022).
Net loss: US$313.4m (loss narrowed by 27% from FY 2022).
US$4.27 loss per share (improved from US$5.25 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cannae Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 6.7%.
Looking ahead, revenue is expected to decline by 5.9% p.a. on average during the next 2 years, while revenues in the Diversified Financial industry in the US are expected to grow by 4.0%.
Performance of the American Diversified Financial industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Cannae Holdings' balance sheet.
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