Solera hikes FY2014 guidance above consensus

|About: Solera Holdings, Inc. (SLH)|By:, SA News Editor

Solera Holdings (SLH) hikes its FY2014 guidance to reflect the completion of the Service Repair Solutions JV, its $850M bond offering, and the redemption of the same amount of its senior notes due 2018.

FY2014 revenue is now seen at $978M-$986M from the previous $898M-$906M (and above consensus of $962.1M), EPS at $2.61-$2.69 from the previous $2.41-$2.48 ($2.60), and EBITDA at $390M-$397M from the previous $366M-$373M.

Shares remain unchanged pre-market.