Industry News

First American revenue up, profits down

CEO 'pleased' with growth despite low mortgage activity
Published on Apr 26, 2006

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by CareyBot

The First American Corp. today said its first-quarter profit for 2005 fell because of the costs of investing in new businesses, despite “unusually steep” revenue. First American said it earned $69.7 million, or 71 cents per share, compared with $79.2 ...