Stewart Information Services (STC) Tops Q1 EPS by 89c, Revenues Beat

Stewart Information Services (NYSE: STC) reported Q1 EPS of $1.92, $0.89 better than the analyst estimate of $1.03. Revenue for the quarter came in at $681.4 million versus the consensus estimate of $589.75 million.

• Operating revenues of $681.4 million, an increase of $235.6 million, or 53 percent, compared to the prior year quarter
• Net income of $54.2 million ($51.7 million on an adjusted basis) compared to $5.2 million ($13.3 million on an adjusted basis) in the prior year quarter
• Diluted EPS of $2.01 ($1.92 on an adjusted basis) compared to prior year quarter diluted EPS of $0.22 ($0.56 on an adjusted basis)
• Record first quarter margin of 10.7 percent (10.3 percent on an adjusted basis)

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

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