In a story July 23 about CoreLogic Inc.'s quarterly results, The Associated Press reported erroneously that the company expects full-year earnings in the range of $1.49 to $1.51 per share, with revenue in the range of $410 million to $420 million. Instead CoreLogic expects full-year adjusted earnings in the range of $1.75 to $1.85 per share, with revenue in the range of $1.49 billion to $1.51 billion.
A corrected version of the story is below:
Continue Reading Below
CoreLogic tops 2Q profit forecasts
CoreLogic beats 2Q profit expectations, misses revenue forecasts
IRVINE, Calif. (AP) — CoreLogic Inc. (CLGX) on Thursday reported second-quarter earnings of $32.8 million.
The Irvine, California-based company said it had net income of 36 cents per share. Earnings, adjusted for one-time gains and costs, came to 55 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The data analytics and business services provider posted revenue of $386 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $390.3 million.
CoreLogic expects full-year adjusted earnings in the range of $1.75 to $1.85 per share, with revenue in the range of $1.49 billion to $1.51 billion.
CoreLogic shares have increased 30 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $41.05, a climb of 36 percent in the last 12 months.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLGX at http://www.zacks.com/ap/CLGX
Keywords: CoreLogic, Earnings Report