Industry News

LandAmerica earnings fall 64%

Less business, more claims hurt third-quarter bottom line
Published on Oct 27, 2006

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by CareyBot

The slowdown in the housing market sent third-quarter profits at LandAmerica Financial Group down 64 percent compared to last year, the company reported. LandAmerica’s third-quarter earnings totaled $15.2 million, or $.89 per share, down from $42.4 million, or $2.35 per ...