CoreLogic Inc. (NYSE: CLGX), the Irvine-based provider of data for real estate that successfully fought off a takeover battle last month, boosted its annual revenue and profit forecasts while leaving open the possibility it may sell the company.
“CoreLogic is on track to deliver record operating and financial performance this year and set the stage for additional value creation,” Frank Martell, president and chief executive officer said in a statement.
The company forecast adjusted 2020 profit of $4.15 to $4.25 a share on revenue of $1.62 billion to $1.63 billion, topping its prior prediction of $3.65 on sales of $1.575 billion. Analysts on average expected $3.74 per share on sales of $1.62 billion.
It also boosted its 2021 adjusted profit of $4.40 to $4.65 on sales of $1.64 billion to $1.675 billion. Analysts expected $3.96 on sales of $1.68 billion.
Shares of CoreLogic were relatively unchanged, rising 0.6% to $77.97 and a $6.1 billion market cap.
In November, CoreLogic shareholders rejected a bid by activists to take over the company.
The company today said it’s continuing a review process that may include selling the company.
