Fidelity National Financial Ventures Announces 100% Gain In Q1 Earnings

(RTTNews) - Fidelity National Financial Ventures (FNFV) reported a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line came in at $6 million, or $0.08 per share. This was higher than $3 million, or $0.03 per share, in last year's first quarter.

Analysts had expected the company to earn $0.04 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 31.2% to $329 million. This was down from $478 million last year.

Fidelity National Financial Ventures earnings at a glance:

-Earnings (Q1): $6 Mln. vs. $3 Mln. last year. -Earnings Growth (Y-o-Y): 100% -EPS (Q1): $0.08 vs. $0.03 last year. -EPS Growth (Y-o-Y): 166.7% -Analysts Estimate: $0.04 -Revenue (Q1): $329 Mln vs. $478 Mln last year. -Revenue Change (Y-o-Y): -31.2%