SANTA ANA, Calif. (AP) — SANTA ANA, Calif. (AP) — First American Financial Corp. (FAF) on Wednesday reported fourth-quarter earnings of $72.4 million.
The Santa Ana, California-based company said it had net income of 69 cents per share. Earnings, adjusted for investment costs and amortization costs, were $1.35 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The financial services company posted revenue of $1.69 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.64 billion.
For the year, the company reported profit of $131.1 million, or $1.26 per share. Revenue was reported as $6.13 billion.
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