Key Developments: Corelogic Inc (CLGX.N)
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Latest Key Developments (Source: Significant Developments)
CoreLogic Inc Reaffirms FY 2013 Guidance-Conference Call
CoreLogic Inc announced that for fiscal 2013, it expects to generate revenues of between $1.575 billion and $1.6 billion, adjusted EBITDA of $460 million to $475 million and adjusted EPS of $1.65 to $1.75. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.59 billion, EBITDA of $468 million and EPS of $1.71 for fiscal 2013. Full Article
CoreLogic Inc Reaffirms FY 2013 Guidance-Conference Call
CoreLogic Inc announced that for fiscal 2013, it expects to generate revenues of between $1.575 billion and $1.6 billion, adjusted EBITDA of $460 million to $475 million and adjusted EPS of $1.65 to $1.75. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of EBITDA of $465 million and EPS of $1.67 for fiscal 2013. Full Article
CoreLogic Inc Sees FY 2012 Guidance At Top End Of Prior Range; Issues FY 2013 Guidance Above Analysts' Estimates
CoreLogic Inc updates fiscal 2012 guidance and expects revenue of $1.540 billion, adjusted EBITDA of $445 million and adjusted earnings per share (EPS) of $1.50. For fiscal 2013, it expects revenue to be in the range of $1.575-$1.600 billion, adjusted EBITDA in the range of $460-$475 million and adjusted EPS in the range of $1.65-$1.75. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.54 billion, EBITDA of $442 million and EPS of $1.52 for fiscal 2012; revenue of $1.53 billion, EBITDA of $456 million and EPS of $1.61 for fiscal 2013. Full Article
CoreLogic Inc Expands Share Repurchase Authorization To $250 million of Common Stock
CoreLogic Inc announced that its Board of Directors has authorized the Company to repurchase up to $250 million of outstanding shares of its common stock. The authorization has no expiration date, and replaces the Company's previous share repurchase authorization which provided for up to $156 million in future repurchases. Full Article
CoreLogic Inc Raises FY 2012 Guidance-Conference Call
CoreLogic Inc announced that for fiscal 2012, it expects to generate revenues of between $1.52 and $1.54 billion with adjusted EBITDA of $435 to $445 million and adjusted EPS of $1.45 to $1.50. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.485 billion, EBITDA of $408 million and EPS of $1.37 for fiscal 2012. Full Article
CoreLogic Inc Raises FY 2012 Guidance
CoreLogic Inc announced that it is increasing its fiscal 2012 guidance. For fiscal 2012, the Company now expects revenue in the range of $1.520-$1.540 billion (prior revenue guidance was in the range of $1.450-$1.480 billion); adjusted EBITDA in the range of $435-$445 million (prior adjusted EBITDA guidance was in the range of $370-$390 million); and adjusted EPS in the range of $1.45-$1.50 (prior adjusted EPS guidance was in the range of $1.15-$1.20). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.485 billion, EBITDA of $408 million and EPS of $1.37 for fiscal 2012. Full Article
CoreLogic, Inc Reaffirms FY 2012 Guidance-Conference Call
CoreLogic, Inc raised fiscal 2012 guidance and expects revenue to be in the range of $1.450-$1.480 billion, adjusted EBITDA in the range of $370-$390 million and adjusted earnings per share (EPS) in the range of $1.15-$1.20. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.458 billion, EBITDA of $378 million and EPS of $1.18 for fiscal 2012. Full Article
CoreLogic, Inc Raises FY 2012 Guidance
CoreLogic, Inc raised fiscal 2012 guidance and expects revenue to be in the range of $1.450-$1.480 billion, adjusted EBITDA in the range of $370-$390 million and adjusted EBITDA in the range of $370-$390 million adjusted earnings per share (EPS) in the range of $1.15-$1.20. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.424 billion, EBITDA of $355 million and EPS of $1.05 for fiscal 2012. Full Article
CoreLogic, Inc Raises Low End Of Prior FY 2012 EBITDA Guidance; EPS Guidance To A Range Above Analysts' Estimates; Lowers FY 2012 Revenue Guidance
CoreLogic, Inc announced that for fiscal 2012, it expects revenue to be between $1.400-$1.450 billion, adjusted EBITDA to be between $340-$360 million and earnings per share (EPS) to be between $1.00-$1.05. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.415 billion, EBITDA of $343 million and EPS of $0.99 for fiscal 2012. Full Article
CoreLogic, Inc Concludes Review Of Strategic Alternatives
CoreLogic, Inc announced that the independent committee of the Company's Board of Directors has concluded its previously announced review of strategic alternatives. The independent committee began its review in August 2011. With the assistance of its financial advisor, Greenhill & Co., and its legal counsel, Skadden, Arps, Slate, Meagher & Flom LLP, the independent committee evaluated a wide range of alternatives to enhance stockholder value, including a sale or merger of the Company or sale of certain of its business lines, repurchases of debt and common stock and other transactions. After a thorough review of these alternatives, and the Company's enhanced operating plan for 2012 and beyond, which has provided for the divestiture of non-core, lower-margin businesses, Project 30 expense reduction initiatives and the addition of new senior management, and in view of improving economic and marketplace conditions, the independent committee determined that, at this time, it would be in the best interest of the Company and its stockholders for the Company to continue its present strategic course toward increased value creation for stockholders. At the recommendation of the committee of independent directors, the Board of Directors unanimously voted to conclude its formal process. Full Article
April home prices see biggest yearly gain in seven years: CoreLogic
NEW YORK - Home prices racked up their biggest annual gain in more than seven years in April as the recovery in the sector picked up traction, a report from CoreLogic showed on Tuesday.
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