Stewart Information Services Corp. reported second-quarter net earnings of $30 million, down from $41 million for the second quarter of 2003. On a diluted per share basis, net earnings were $1.65, compared with $2.29 for the second quarter of 2003. Revenues in the second quarter increased 1 percent to $565 million from $558 million for the same period last year. Total revenues for the first half of 2004 were $1 billion, up 3 percent from the same period a year ago. Earnings for the first six months totaled $41.1 million, or $2.26 per diluted share, versus $60.9 million, or $3.40 per diluted share, for the first six months of 2003. Title orders per working day for the second quarter of 2004 were down 29 percent from the same period in 2003. For the month of June 2004, orders per working day declined 42 percent compared with the same period in 2003. The decrease in orders was primarily attributable to a decline in refinancing transactions beginning in the third quarter of 2003, wh...
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