Industry News

Acquisition, slow housing market hurt LandAmerica profits

Merger with Capital Title boosts market share to 19.5 percent
Published on Feb 22, 2007

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by CareyBot

LandAmerica Financial Group Inc. reported fourth quarter profits fell 42.6 percent, to $34.3 million, because of a slowdown in home sales and costs related to its acquisition of Capital Title Group Inc. At $1.95, earnings per share still beat analysts’ ...