First American reports Q3 adjusted EPS $1.70, consensus $1.45

Reports Q3 revenue $1.98B, consensus $1.86B. “Our third quarter performance was strong despite continued challenges in the U.S. housing market,” said Mark Seaton, chief executive officer at First American (FAF) Financial Corporation. “The strength of our commercial business, growth in investment income, and management of our cost structure enabled us to deliver an adjusted pretax margin in our title segment of 12.9 percent. Our home warranty segment also posted another strong quarter with an adjusted pretax margin of 13.5 percent.”