CoreLogic Swings To Q1 Loss

(RTTNews) - CoreLogic Inc. (CLGX) Monday reported first-quarter net loss of $2.8 million or $0.03 a share, compared to a profit of $33.6 million or $0.34 a share last year.

Adjusted earnings for the quarter were $0.17 a share, up from $0.44 a share last year. On average, six analysts polled by Thomson Reuters expected the company to earn $0.16 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the quarter dropped to $310.4 million from $331.3 million last year. Analysts estimated revenues of $287.01 million for the quarter.

Looking forward to the fiscal year 2014, the company continues to see adjusted earnings of $1.40 per share to $1.55 per share, with revenue of $1.35 billion to $1.40 billion. Analysts now expect earnings of $1.47 per share on revenue of $1.36 billion.