Solera Holdings Inc. (SLH) reported second-quarter net income attributable to the company of $23.278 million or $0.33 per share compared to $19.645 million or $0.29 per share last year.
Adjusted EPS increased to $0.54 from $0.39 prior year.
On average, 7 analysts polled by Thomson Reuters expected the company to report profit of $0.47 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $163.318 million from $131.301 million a year ago. Analysts expected revenue of $156.68 million for the quarter.
The company has updated its outlook for fiscal year ending June 30, 2010. Revenues are expected to be in the range of $629 million-$632 million; prior guidance was a range of $627 million-$632 million; Net Income is expected to be in the range of $70 million-$76 million; prior guidance was $62 million-$71 million; Adjusted Net Income is expected to be $136 million-$141 million; prior guidance was $132 million-$138 million; and Adjusted EPS is expected to be $1.94-$2.01; prior guidance was $1.89-$1.97.
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 March 22, 2010 to stockholders and restricted stock unit holders of record at the close of business on February 22, 2010.
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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.