Solera Holdings Q1 Adj. Profit Tops View; Lifts FY15 Adj. EPS Outlook

(RTTNews) - Solera Holdings, Inc. (SLH), a global provider of software and services to the automobile insurance claims processing and decision support industries, reported a first-quarter net income attributable to company of $12.4 million, or $0.18 per share, compared to $13.7 million or $0.20 per share in the comparable quarter last year.

Adjusted net income for the latest first quarter was $53.1 million or $0.77 per share, up from $42.2 million or $0.61 per share in the prior year quarter. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.73 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $280.08 million, up 28.5% from $218.03 million in the prior year quarter, while nine analysts expected revenue of $275.25 million for the quarter.

Looking ahead to fiscal 2015, the company now expects adjusted net income in the range of $3.19 to $3.34 per share and revenues of $1.13 billion to $1.15 billion. Analysts currently expect earnings of $3.23 per share on revenue of $1.15 billion.

Earlier, the company expected adjusted net income in the range of $3.17 to $3.32 per share and revenues of $1.15 billion to $1.17 billion.

Further, The Audit Committee of the Board of Directors approved the payment of a quarterly dividend of $0.195 per share of outstanding common stock and per outstanding restricted stock unit. The dividends are payable on December 3, 2014 to stockholders and restricted stock unit holders of record at the close of business on November 20, 2014.