Solera Holdings Inc. (SLH) reported that its first-quarter net income attributable to the company increased to $19.983 million from $14.347 million last year. Earnings per share attributable to the company increased to $0.29 from $0.22 a year ago.
Adjusted net income was $34.524 million compared to $28.239 million last year. Adjusted earnings per share increased to $0.50 from $0.44 a year ago.
On average, 4 analysts polled by Thomson Reuters expected the company to report profit of $0.43 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $150.769 million from $142.992 million a year ago. Analysts expected revenue of $145.13 million for the quarter.
The company has updated its outlook for fiscal 2010.
The company expects fiscal 2010 revenues in the range of $627 million-$632 million; prior guidance was a range of $594 million-$602 million.
The company expects fiscal 2010 net income in the range of $62 million-$71 million; prior guidance was a range of $49 million-$55 million.
Solera expects fiscal 2010 adjusted net income in the range of $132 million-$138 million; prior guidance was a range of $124 million-$128 million. Solera expects fiscal 2010 adjusted earnings per share in the range of $1.89-$1.97; prior guidance was a range of $1.76-$1.83.
The company also announced that the Audit Committee of the Board of Directors has approved a quarterly cash dividend of $0.0625 per share of outstanding common stock and per outstanding restricted stock unit. The dividend will be payable on December 21, 2009 to stockholders and restricted stock unit holders of record at the close of business on November 23, 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.