Fidelity National Financial Inc (FNF) reported a decrease in third-quarter profit compared to the same period last year, falling short of analysts' expectations. The company recorded earnings of $266 million, or $0.97 per share, a decline from $426 million, or $1.57 per share, in the third quarter of the previous year.
On an adjusted basis, excluding special items, Fidelity National Financial Inc reported earnings of $356 million, or $1.30 per share, for the quarter. This figure fell short of the average analyst prediction of $1.39 per share, based on estimates gathered by Thomson Reuters, which typically exclude extraordinary items.
Despite the drop in profits, the company experienced a 29.7% increase in revenue, reaching $3.603 billion, compared to $2.778 billion in the same quarter last year.
Fidelity National Financial Inc's third-quarter financial highlights include:
- Earnings: $266 million compared to $426 million last year.
- Earnings per Share (EPS): $0.97 versus $1.57 last year.
- Revenue: $3.603 billion compared to $2.778 billion last year.
