CoreLogic Reports Second Quarter 2019 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
Successful Execution Against Strategic Initiatives, Productivity and Share Repurchase Highlight Strong Financial and Operational Results; 2019 Full-Year Guidance Increased IRVINE, Calif.--(BUSINESS WIRE)--CoreLogic (NYSE: CLGX), a leading global provider of residential property information, insight, analytics and data-enabled solutions, today reported financial results for the quarter ended June 30, 2019. Operating and financial highlights appear below.Revenues of $460 million, down $29 million, or 6%, largely reflecting the impact of a discrete revenue recognition benefit of $23 million in the prior year, and the wind-down of non-core mortgage and default technology units which decreased current period revenue $5 million.Operating income of $15 million was down $75 million, or 84%, primarily reflecting the impact of lower revenues, non-cash impairment charges of $48 million, and severance charges of $6 million in connection with the transformation of the Company’s appraisal manage
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