FNF Q2 Profit Rises 11.4% to $4.05B, Adjusted EPS $1.39
FNF sits 19% above its 52-week low of $42.78.
Summary
FNF reported Q2 GAAP EPS of $1.08, up from $1.02 a year ago, on revenue of $4.05 billion, an 11.4% increase. Adjusted EPS came in at $1.39, matching the figure disclosed in the 8-K filed earlier today, but this report adds the full GAAP income statement and top-line growth details. The 17.8% Title margin mentioned in the 8-K drove the revenue beat, and record F&G assets underscore the strength in the company's core operations. With shares at $51.10, the results confirm sustained momentum following the strong Q1 and the recent board declassification vote.
At the time of this announcement, FNF was trading at $51.10 on NYSE in the Finance sector, with a market capitalization of approximately $13.8B. The 52-week trading range was $42.78 to $61.40. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.