CoreLogic, Inc. (CLGX) Wednesday reported a rise in profit for the first quarter, helped mainly by a double-digit revenue growth. Both adjusted earnings and revenues came in above analysts' expectations.
Net income attributable to CoreLogic increased to $33.57 million or $0.34 per share from $16.63 million or $0.16 per share. Net income from continuing operations totaled $34.20 million or $0.35 per share, up from $28.96 million or $0.27 per share last year.
Adjusted earnings for the quarter was $0.45 per share. On average, five analysts polled by Thomson Reuters expected the company to earn $0.38 per share for the quarter. Analysts' estimates typically exclude special items. Operating revenues grew 10.9 percent to $397.17 million from $358.10 million last year. Analysts expected revenues of $384.38 million.
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