Stewart Information Services (STC) Beats Q3 Views

Stewart Information Services (NYSE: STC) reported Q3 EPS of $0.97, which includes items and may note compare to the analyst estimate of $0.60. Revenue for the quarter came in at $508 million versus the consensus estimate of $459.2 million.

"Our third quarter 2014 financial results were a solid improvement over both second quarter 2014 and third quarter 2013," said Matthew W. Morris, chief executive officer. "Although the residential housing market continues to be somewhat lackluster, we are seeing the beneficial results from executing on our strategic initiatives. We remain focused on integrating our recent acquisitions and continuing to execute on our cost management program as we accelerate organic sales growth. We continued our stock buyback program, and, subsequent to quarter-end, we converted the remaining convertible senior notes at their maturity date into shares of common stock. Overall, it was an active quarter building on our 2012 strategic plan. We remain committed and confident these steps will result in the service and financial stability our customers expect and produce the financial rewards our shareholders expect."

For earnings history and earnings-related data on Stewart Information Services (STC) click here.

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