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CoreLogic Sees Q4, FY11 Results To Exceed High End Of Prior Guidance

CoreLogic Inc. (CLGX) said that it expects fourth-quarter and full-year results to exceed high end of prior adjusted revenue, and adjusted earnings per share guidance.

Previously, the company had expected fiscal year 2011 adjusted earnings to be in the range of $0.75-$0.80 per share and adjusted revenues of $1.350 billion - $1.370 billion. Analysts polled by Thomson Reuters expect the company to report earnings of $0.74 per share on revenues of $1.47 billion for fiscal 2011. Analysts' estimates typically exclude special items.

Looking ahead for full-year 2012, the company expects adjusted earnings to be in the range of $0.95 - $1.05, and adjusted revenue of $1.425 billion - $1.475 billion. Analysts expect the company to report earnings of $0.87 per share on revenues of $1.44 billion for fiscal 2012.

CoreLogic expects to report its fourth quarter and full-year results after the market close on February 27, 2012.

by RTTNews Staff Writer

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