Profits Double at Fidelity; Chicago Title Deal Credited
Irvine title insurance giant Fidelity National Financial Inc. said earnings and revenue more than doubled in the third quarter, reflecting the company’s acquisition of Chicago Title earlier this year.
Fidelity, which also provides real estate-related products and services, said net earnings for the three months climbed to $37.6 million, or 54 cents a share, from $18.6 million, or 60 cents a share, in the third quarter last year. Revenue totaled $790.1 million, up from from $341.8 million.
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