Corelogic (CLGX) Tops Q2 EPS by 6c

Corelogic (NYSE: CLGX) reported Q2 Adj. EPS of $0.72, $0.06 better than the analyst estimate of $0.66. Revenue for the quarter came in at $474 million versus the consensus estimate of $479.38 million.

“CoreLogic delivered a very strong operating performance for the second quarter and first half of 2017. In terms of revenues, we materially outperformed market volume trends in U.S. mortgage and grew our insurance, spatial and international operations. Underlying organic growth accelerated to 4% in the quarter buoyed by new product growth, share gains and pricing actions across our core solution sets,” said Frank Martell, President and Chief Executive Officer of CoreLogic. “We also made major strides in our collateral valuations business during the quarter by expanding our platform-related revenues and footprint, aggressively building our roster of new clients, and significantly boosting operating efficiency and margins.”

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

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