First American Expects to Hit Earnings Target
First American Corp., which operates the nation’s second-largest title insurance company, said Wednesday it expects “at least” to meet current earnings estimates of 27 cents a share for the first quarter.
The Santa Ana company said in a press release that it plans to report first-quarter results before the opening of regular market trading May 2.
A Thomson Financial/First Call survey of five analysts produced a mean earnings estimate of 27 cents a share for the company’s first quarter.
First American earned $1 million, or 2 cents a share, on revenue of $646.2 million for the year-ago first quarter.
The company’s stock lost $2.43 Wednesday to close at $22.50 a share on the New York Stock Exchange.
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