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CoreLogic misses Street 1Q forecasts

IRVINE, Calif. (AP) _ CoreLogic Inc. (CLGX) on Tuesday reported first-quarter net income of $15.4 million.

The Irvine, California-based company said it had profit of 18 cents per share. Earnings, adjusted for one-time gains and costs, were 37 cents per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The data analytics and business services provider posted revenue of $439.9 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $441.6 million.

CoreLogic shares have climbed 14 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $41.96, a climb of 17 percent in the last 12 months.

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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

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Keywords: CoreLogic, Earnings Report