First American Financial Q1 Profit Rises

(RTTNews) - First American Financial Corp. (FAF), a provider of title insurance, settlement services and risk solutions for real estate transactions, reported that its net income for the first quarter ended March 31, 2019 rose to $109.6 million or $0.97 per share, from $76.2 million or $0.67 per share in the first quarter of 2018. Analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the first quarter was $1.3 billion, an increase of 0.5 percent from last year. Analysts expected revenue of $1.27 billion for the quarter.