CoreLogic (CLGX) Boosts FY12 EPS, Sales Outlook; Cites Improving Mortgage Origination Expectations
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CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today updated its financial guidance for 2012.
Revs outlook moves from $1.40 - $1.45 billion to $1.45 - $1.48 billion and adjusted EPS from $1.00 - $1.05 to $1.15 - $1.20.
The Street sees sales of $1.42 billion and EPS of $1.05.
Anand Nallathambi, President and Chief Executive Officer, said, "CoreLogic continues to successfully execute on its 2012 business plan. Strong anticipated second quarter results and increased full year financial guidance reflect the improving outlook for mortgage origination levels, successful execution of our cost savings initiatives and higher profitability in each of our operating segments. Improvement in the Company's financial results over the past year clearly demonstrates the growth potential, operating leverage and resiliency resident in our "must have" data and information assets and mortgage origination-related businesses."
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Revs outlook moves from $1.40 - $1.45 billion to $1.45 - $1.48 billion and adjusted EPS from $1.00 - $1.05 to $1.15 - $1.20.
The Street sees sales of $1.42 billion and EPS of $1.05.
Anand Nallathambi, President and Chief Executive Officer, said, "CoreLogic continues to successfully execute on its 2012 business plan. Strong anticipated second quarter results and increased full year financial guidance reflect the improving outlook for mortgage origination levels, successful execution of our cost savings initiatives and higher profitability in each of our operating segments. Improvement in the Company's financial results over the past year clearly demonstrates the growth potential, operating leverage and resiliency resident in our "must have" data and information assets and mortgage origination-related businesses."
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