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CoreLogic: 3Q Earnings Snapshot

IRVINE, Calif. (AP) _ CoreLogic Inc. (CLGX) on Wednesday reported third-quarter earnings of $23.2 million.

On a per-share basis, the Irvine, California-based company said it had net income of 29 cents. Earnings, adjusted for one-time gains and costs, came to 82 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.

The data analytics and business services provider posted revenue of $459 million in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $451.6 million.

CoreLogic expects full-year earnings in the range of $2.65 to $2.75 per share, with revenue in the range of $1.74 billion to $1.76 billion.

CoreLogic shares have risen 42% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $47.44, a rise of 5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLGX at https://www.zacks.com/ap/CLGX