Solera Holdings Q3 Adj. Profit Tops View - Quick Facts

(RTTNews) - Solera Holdings, Inc. (SLH), a global provider of software and services to the automobile insurance claims processing and decision support industries, reported a third-quarter net income attributable to company of $19.9 million, or $0.28 per share, compared to $21.5 million or $0.31 per share in the comparable quarter last year.

Adjusted net income for the latest third quarter was $55.8 million or $0.80 per share, up from $49.2 million or $0.71 per share in the prior year quarter. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.78 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $262.42 million, a 22.3% increase over $214.63 million, prior year. Analysts expected revenue of $261.29 million for the quarter.

The company updated its previous outlook issued on February 5, 2014 for full fiscal year ending June 30, 2014. The company now expects adjusted earnings per share of $2.83 to $2.90, up from $2.78 per share to $2.86 per share. Analysts currently expect the company to report fiscal 2014 earnings per share of $2.82.

The company continues to expect revenues of revenues in the range of $981 million to $987 million. Analysts expect revenues of $983.56 million.

The Audit Committee of the company's Board has approved the payment of a quarterly dividend of $0.17 per share of outstanding common stock and per outstanding restricted stock unit. The dividends are payable on June 3, 2014 to stockholders and restricted stock unit holders of record at the close of business on May 22, 2014.