CoreLogic Stock Up 20% After 3Q Earnings Announcement

CoreLogics common stock closed up nearly 20% on Thursday as investors were pleased with the companys second-quarter results. Net income at the company was up 38% year-over-year.

All but three Mortgage Industry Equity Composite stocks ended Thursday with a higher closing price.

Fidelity National Financial, which reported lower net earnings and plans for a secondary public offering to help pay for CoreLogics competitor Lender Processing Services, still closed up 2% on the day.

KB Home was the second largest gainer on the day, ended up nearly 3%.

The three companies that finished lower were Ellie Mae, Hudson City Bancorp and Bank of America. This was the first full trading day after the verdict against B of A and the stock ended up down just $0.04 per share.

Article source: http://www.nationalmortgagenews.com/dailybriefing/CoreLogic-Stock-Up-Twenty-Percent-1039561-1.html

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com
Bunk Beds