Stewart Information Services (STC) Reports Q1 Loss of 52c/Share

Stewart Information Services (NYSE: STC) reported Q1 EPS of ($0.52), $0.60 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $448 million versus the consensus estimate of $472.1 million.

The company said, "We continued to execute the project plans underlying our cost management program, and as of quarter-end, we have achieved in excess of $17 million of annualized savings against our original target of $25 million. As a result of our continued evaluation of savings opportunities, we have revised our estimate of annualized savings to $30 million, which we remain confident will be achieved by the end of 2015."

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

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