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Fidelity National Financial Reports 1Q Loss
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FNF
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JACKSONVILLE, Fla. (AP) — Title insurance provider Fidelity National Financial Inc. said Monday it posted a loss for its first quarter, hurt by a slow start in its title business and higher expenses.
For the quarter ended March 31, the company reported a loss after paying preferred dividends of $12.4 million, or 6 cents per share, compared with a profit of $27.2 million, or 13 cents per share, a year ago.
Revenue jumped 21 percent to $1.36 billion from $1.13 billion. ...
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