<< Read Full Article

Cost Cuts Help First American Post Higher Profit

Stock quotes in this article: FAF  

SANTA ANA, Calif. (AP) — The First American Corporation, a business information and insurance provider, on Thursday beat Wall Street expectations and posted a 23 percent jump in first-quarter profit by slashing personnel costs.

During the quarter, the company earned $36 million, or 38 cents per share, compared with $29.3 million, or 32 cents per share a year earlier.

On average, analysts surveyed by Thomson Reuters were expecting earnings of 26 cents per share on revenue of $1.43 billion for the three-month period ended March 31. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,394.42 1,102.07 2,193.63 34.85
Oil *
71.46
UP
57.37
UP
6.13
UP
9.90
UP
0.62
10 Yr
3.48%
SPDR Gold
110.26
+0.56%
+0.56%
+0.45%
+1.81%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services