Reuters logo
6 months ago
BRIEF-First American Financial posts Q4 earnings per share $0.73
February 9, 2017 / 12:17 PM / 6 months ago

BRIEF-First American Financial posts Q4 earnings per share $0.73

Feb 9 (Reuters) - First American Financial Corp

* First American Financial reports results for the fourth quarter and full year of 2016

* Q4 earnings per share $0.73

* Q4 revenue rose 11 percent to $1.5 billion

* Q4 earnings per share view $0.82 -- Thomson Reuters I/B/E/S

* Q4 revenue view $1.44 billion -- Thomson Reuters I/B/E/S

* First American Financial Corp - qtrly average revenue per order down 12 percent, driven by higher refinance transactions

* First American Financial Corp - termination of company's pension plan is proceeding on schedule, with expected completion in first half of 2017

* First American - in Q4, recorded a $66.3 million expense related to settlement of these lump sum elections, which reduced earnings per share by $0.39

* First American Financial Corp - "looking ahead, we believe company will continue to benefit from ongoing improvement in housing and general economy"

* First American - in relation to pension plan, settlement of lump sum elections completed in Q4; co expects to transfer remaining liabilities in h1 2017 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below