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CoreLogic, Inc. (NYSE:CLGX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.26%.
CoreLogic, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 125% to $0.36 in the quarter versus EPS of $0.16 in the year-earlier quarter.
Revenue: Rose 28.47% to $410.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: CoreLogic, Inc. reported adjusted EPS income of $0.36 per share. By that measure, the company beat the mean analyst estimate of $0.34. It beat the average revenue estimate of $389.01 million.
Quoting Management: “2012 was an exceptional year for CoreLogic. We are entering 2013 a higher-growth, higher-margin company that is capitalizing on the opportunities presented by a gradually improving housing market. Despite market forecasts indicating a reduction in loan origination volumes, we believe CoreLogic is positioned to deliver revenue and profit growth in 2013,” said Anand Nallathambi, President and Chief Executive Officer of CoreLogic. “Over the course of 2013, we expect to continue to reinvest in strategic growth areas and our technology transformation initiatives, and to return capital to our shareholders.”
Key Stats (on next page)…
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