reported fourth-quarter earnings Tuesday that beat analysts' expectations by 2 cents as the company continued its cost-containment measures.
The Santa Ana, Calif., company, which offers real-estate-related financial and information services, said fourth-quarter earnings were $21.1 million, or 31 cents a share, excluding benefits and costs, compared with a loss of $2.2 million, or 3 cents a share, in the same period last year. Four analysts polled by
First Call/Thomson Financial
expected earnings of 28 cents a share for the period.
Revenue for the quarter was $761.9 million, up 9% from $700.4 million last year.
Shares of First American fell $3.34, or 9.9%, to close at $30.48 in Tuesday trading on the
New York Stock Exchange