CoreLogic Guides 2012 Revs $1.425-1.475B vs $1.44B Est; EPS $0.95-1.05 vs $0.87 Est

CoreLogic

today provided a market update on 2011 and 2012 financial guidance. "CoreLogic is exiting 2011 with strong momentum driven primarily by an upswing in mortgage origination volumes and successful execution of our Project 30 cost reduction plan. As a result, we expect CoreLogic to beat our previous guidance for the full year of 2011. Continued revenue growth and cost savings position CoreLogic for strong financial results in 2012," said Anand Nallathambi, President and Chief Executive Officer. "With approximately $259 million in cash, we are entering 2012 with significant financial flexibility," added Frank Martell, Chief Financial Officer. "We are confident that we will achieve the targeted $60 million in Project 30 cost savings in 2012. We took significant actions in the second half of 2011 that should deliver about half of our goal, and we have solid execution plans to achieve the remainder in 2012."