CoreLogic (CLGX) Posts Q3 EPS Loss of $0.03, Tweaks FY11 Guidance
Tweet
Share
E-mailGet Alerts CLGX Hot Sheet
Join SI Premium – FREE
CoreLogic (NYSE: CLGX) reported Q3 EPS of ($0.03), $0.18 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $348.4 million versus the consensus estimate of $402.67 million.
Company increased 2011 guidance to $290 - $300 million in adjusted EBITDA and $0.75 - $0.80 in adjusted EPS. This positive revision reflects the impact of stronger-than-anticipated mortgage refinancing volumes and accelerated cost savings initiatives.
2011 adjusted revenues from continuing operations are expected to total $1,350 - $1,370 million reflecting the impact of exiting the five businesses discussed previously partially offset by higher mortgage refinancing volumes.
Company increased 2011 guidance to $290 - $300 million in adjusted EBITDA and $0.75 - $0.80 in adjusted EPS. This positive revision reflects the impact of stronger-than-anticipated mortgage refinancing volumes and accelerated cost savings initiatives.
2011 adjusted revenues from continuing operations are expected to total $1,350 - $1,370 million reflecting the impact of exiting the five businesses discussed previously partially offset by higher mortgage refinancing volumes.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Hasbro (HAS) brand strength sees earnings top expectations
- Bunge Limited (BG) Tops Q1 EPS by 50c, misses on revenue and guidance
- Teledyne Technologies (TDY) stock falls after cutting full-year earnings guidance
Create E-mail Alert Related Categories
Earnings, GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
