UPDATE: Corelogic (CLGX) Tops Q3 EPS by 7c, Expects to Achieve Upper Ends of FY16 Guidance

October 24, 2016 4:18 PM EDT
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(Updated - October 24, 2016 4:20 PM EDT)

Corelogic (NYSE: CLGX) reported Q3 EPS of $0.73, $0.07 better than the analyst estimate of $0.66. Revenue for the quarter came in at $523.9 million versus the consensus estimate of $502.4 million.

GUIDANCE:

CoreLogic expects to achieve the upper ends of its previously issued 2016 financial guidance.

Corelogic sees FY2016 EPS of $2.20-$2.30, versus the consensus of $2.28. Corelogic sees FY2016 revenue of $1.89-1.92 billion, versus the consensus of $1.91 billion.

The Company expects to increase its 2016 share repurchase program from 3 million to 4 million shares and repurchase at least 4 million additional common shares during 2017.

The Company has expanded its 2017 cost reduction program target from $15 to $30 million.

For earnings history and earnings-related data on Corelogic (CLGX) click here.



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