Although its revenue rose 38% for the...
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Although its revenue rose 38% for the third quarter ended July 31, Fidelity National Financial reported that net income dipped slightly, to $1.52 million from $1.54 million for the comparable period a year ago. Revenue was $36.8 million, compared to $26.6 million for the like period last year. For the nine-month period, earnings totaled $515,000, contrasted with $4.7 million a year earlier. Revenue rose 33% to $93.8 million from $70.6 million. The company attributed the earnings decline to expenses associated with relocating its headquarters to Irvine from Scottsdale, Ariz., and from acquiring Western Title Insurance Co. last fall. Fidelity National Financial issues title insurance and performs other title-related services through three principal subsidiaries.
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