CoreLogic raises full-year outlook

Thu Jun 28, 2012 9:04am EDT

(Reuters) - Data analytics company CoreLogic Inc (CLGX.N) raised its outlook for the full year as it expects improved mortgage origination levels and cost savings.

The company, which provides data to the real estate and mortgage sectors, now expects to earn $1.15 to $1.20 per share on an adjusted basis, on revenue of about $1.45 billion and $1.48 billion.

The Santa Ana, California-based company said in January it expected to earn 95 cents to $1.05 a share, on adjusted revenue of about $1.43 billion to $1.48 billion for 2012.

Analysts, on average, were expecting earnings of $1.05 per share, on revenue of $1.42 billion, according to Thomson Reuters I/B/E/S.

The company expects mortgage delinquency volumes to fall about 10 percent from the 2011 levels.

Shares of CoreLogic closed at $17.40 on Wednesday on the New York Stock Exchange.

(Reporting by Eileen Anupa Soreng in Bangalore; Editing by Maju Samuel)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.