The First American Corp. today reported net income of $55 million for the first quarter, down from $87.6 million in the first quarter of 2003.


Net income per diluted share was $0.62, down from $1.05 during the same period last year.


Total revenues reached $1.47 billion, up from $1.34 billion in the first quarter of 2003.


“We are pleased with the company’s performance during the first quarter of 2004, especially in light of the substantial slowdown in mortgage activity during November and December of 2003,” Parker Kennedy, president of The First American Corp., said in a statement.


Send a Letter to the Editor for publication.
Send a comment or news tip to our
Please include the headline of the story.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription