SANTA ANA, Calif. (AP) — SANTA ANA, Calif. (AP) — First American Financial Corp. (FAF) on Wednesday reported fourth-quarter net income of $211.9 million.
The Santa Ana, California-based company said it had net income of $2.05 per share. Earnings, adjusted for investment gains, came to $1.99 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.
The financial services company posted revenue of $2.05 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $1.86 billion.
For the year, the company reported profit of $621.8 million, or $6 per share. Revenue was reported as $7.45 billion.
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