Stewart Information Services (STC) Misses Q1 EPS Views

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Stewart Reports Results for the First Quarter 2016

April 21, 2016 6:15 AM EDT

HOUSTON, April 21, 2016 /PRNewswire/ -- Stewart Information Services Corporation (NYSE-STC) today reported a net loss attributable to Stewart of $11.2 million, or $0.48 per diluted share, for the first quarter 2016 compared to a net loss attributable to Stewart of $12.4 million, or $0.52 per diluted share, for the first quarter 2015.

Pretax loss before noncontrolling interests for the first quarter 2016 was $15.7 million as compared to pretax loss of $18.9 million for the first quarter 2015.

Effective in the first quarter 2016, we are revising the presentation of our operating segments to reflect two segments: title, and corporate and other. Our centralized title services... More