Real-estate data company CoreLogic Inc. said Thursday that its first-quarter earnings fell as the quarter a year ago included a large gain from discontinued operations.
CoreLogic earned $23.3 million, or 20 cents per share, in the quarter that ended March 31. This compares $29.4 million, or 28 cents per share, a year earlier.
Net income in the first quarter of 2010 benefited from $18.6 million, or 18 cents per share, in earnings from discontinued operations.
In the most recent quarter, CoreLogic had a $24.9 million gain from the sale of DealerTrack Holdings Inc. stock, but it also had a much higher income tax provision than in the prior year.
Revenue rose 2 percent to $404 million, higher than the $372.5 million analysts expected. CoreLogic reported strong data and analytics revenue growth and said its tax and flood data services continued to perform well.