CDK Global: Fiscal 4Q Earnings Snapshot

HOFFMAN ESTATES, Ill. (AP) _ CDK Global Inc. (CDK) on Tuesday reported fiscal fourth-quarter net income of $99.4 million.

The Hoffman Estates, Illinois-based company said it had net income of 75 cents per share. Earnings, adjusted for one-time gains and costs, came to 87 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.

The provider of technology and marketing services to auto dealers posted revenue of $569.2 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $578.4 million.

For the year, the company reported profit of $380.8 million, or $2.78 per share. Revenue was reported as $2.27 billion.

CDK Global expects full-year earnings in the range of $3.85 to $3.95 per share.

CDK Global shares have fallen 10 percent since the beginning of the year. The stock has climbed 4 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