CoreLogic Reports First Quarter 2020 Financial Results
CORELOGIC (CLGX)
Last corelogic earnings: 4/30 04:15 pm
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US:NYSE Investor Relations:
investor.corelogic.com/node/668
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Source: Business Wire
Strong Operating Performance Highlighted by Revenue Growth,Margin Expansion, and Cash Flow Generation IRVINE, Calif.--(BUSINESS WIRE)--CoreLogic (NYSE: CLGX), a leading global provider of residential property information, analytics, and data-enabled solutions, today reported financial results for the quarter ended March 31, 2020. Operating and financial highlights appear below.Revenues of $444 million, up $26 million or 6%, driven by growth in core mortgage and insurance and spatial. First quarter 2019 revenues included $21 million attributable to non-core default technology units sold and the AMC transformation, which have no 2020 counterpart. Revenues were up 12% excluding these discrete items.Operating income from continuing operations of $67 million, up 216%, reflecting higher revenues and favorable business mix, as well as operating leverage and cost productivity benefits.Net income from continuing operations of $34 million, up $32 million, due to operating income upsides.Dilu
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