CoreLogic in Irvine, Calif., reported a sharp decline in third-quarter profit, on higher expenses and unfavorable currency translations.
CoreLogic's net income fell 38% to $28.2 million, from a year earlier, according to a
Total revenue rose 5.1% to $386.4 million, led by growth in property, insurance, international and underwriting.
Total operating expenses rose 10.6% to $320.5 million, led by higher cost of services. CoreLogic has increased investments in technology, compliance and process enhancements, it said in the release.
