Stewart Information Services Reports Profit In Q1 - Quick Facts

(RTTNews) - Stewart Information Services Corp. (STC) reported net income attributable to company of $4.1 million or $0.17 per share for the first quarter 2017 compared to a loss of $11.2 million or $0.48 per share, prior year. The company noted that its first quarter 2017 results included a $1.7 million (or $0.07 per share) net income tax benefit related to previously unrecognized tax credits.

On average, four analysts polled by Thomson Reuters expected the company to report a loss per share of $0.16, for the quarter. Analysts' estimates typically exclude special items.

First-quarter total revenues were $443.04 million compared to $438.23 million, prior year. Analysts expected revenue of $432.42 million, for the quarter.