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CoreLogic ups 2016 revenue, adjusted EPS outlook

CoreLogicInc. updated financial outlook for full-year 2016.

The company expects revenues of $1.89 billion to $1.92billion, compared to the previous guidance of $1.83 billion to $1.86 billion.Adjusted EBITDA is now expected to be $480 million to $500 million, versus theearlier guidance of between $465 million and $485 million. Adjusted EPS isprojected to be between $2.20 and $2.30, compared to the previous outlook ofbetween $2.05 and $2.15.

The S&P Capital IQconsensus normalized EPS estimate for 2016 is $2.15.

For the second quarter, CoreLogic reported net incomeattributable to the company of $40.4 million, or 45 cents per share, comparedto $32.8 million, or 36 cents per share, in the year-ago period. Adjusted EPSwas 65 cents for the most recent quarter, compared to 55 cents in the year-agoquarter.

TheS&P Capital IQ consensus normalized EPS estimate for the second quarter was62 cents.