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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.