First American reports Q2 EPS $1.27, consensus $1.16

Reports Q2 revenue $1.6B, consensus $1.62B. “Market conditions remained challenging in the second quarter, though we benefited from the seasonal pick-up in demand,” said Ken DeGiorgio, chief executive officer at First American Financial Corporation. “Our title segment delivered an adjusted pretax margin of 11.9% this quarter and our home warranty segment again delivered strong results with an adjusted pretax margin of 15.2%.”