First American Financial Q3 Profit Rises

(RTTNews) - First American Financial Corp. (FAF) reported that net income for the third-quarter rose to $187.2 million or $1.65 per share, from $151.5 million, or $1.34 per share, in the third quarter of 2018.

Net realized investment gains in the latest-quarter were $1.5 million, or 1 cent per share, compared with net realized investment gains of $11.1 million, or 8 cents per share, last year.

Total revenue for the third quarter was $1.7 billion, an increase of 8 percent from the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.44 per share and revenues of $1.63 billion. Analysts' estimates typically exclude special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More