Stewart Information Services (STC) Tops Q3 EPS by 7c

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Go back to Stewart Information Services (STC) Tops Q3 EPS by 7c

Stewart Reports Results for the Third Quarter 2015

October 22, 2015 6:15 AM EDT

HOUSTON, Oct. 22, 2015 /PRNewswire/ -- Stewart Information Services Corporation (NYSE-STC) today reported net loss attributable to Stewart of $13.5 million, or $(0.58) per diluted share, for the third quarter 2015 compared to net income attributable to Stewart of $23.7 million, or $0.97 per diluted share, for the third quarter 2014. Third quarter 2015 results include $1.31 per diluted share of non-cash impairment charges and $0.21 per diluted share of non-operating costs.

Pretax loss for the third quarter 2015 was $5.6 million as compared to pretax income of $42.8 million for the third quarter 2014. Third quarter 2015 results include $35.9 million of goodwill and other intangible impairment charges, as discussed below. These... More