Stewart Information Services (STC) Tops Q2 EPS by 2c

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Go back to Stewart Information Services (STC) Tops Q2 EPS by 2c

Stewart Reports Results for the Second Quarter 2016

July 21, 2016 6:15 AM EDT

HOUSTON, July 21, 2016 /PRNewswire/ -- Stewart Information Services Corporation (NYSE-STC) today reported net income attributable to Stewart of $23.6 million for the second quarter 2016 compared to $17.1 million for the second quarter 2015.

For purposes of calculating net income per share, the $12.0 million cash consideration paid relating to the successful completion of the previously announced Class B exchange agreement is deducted from net income attributable to Stewart, resulting in net income per diluted share of $0.49 for the second quarter 2016 compared to $0.72 for the second quarter 2015. Excluding the effects of this $12.0 million payment, adjusted net income per diluted share... More