Stewart Information Services (STC) Tops Q3 EPS by 8c

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Go back to Stewart Information Services (STC) Tops Q3 EPS by 8c

Stewart Reports Results for the Third Quarter 2016

October 20, 2016 6:15 AM EDT

HOUSTON, Oct. 20, 2016 /PRNewswire/ -- Stewart Information Services Corporation (NYSE: STC) today reported net income attributable to Stewart of $26.4 million, or $1.12 per diluted share, for the third quarter 2016 compared to a net loss attributable to Stewart of $13.5 million, or ($0.58) per diluted share, for the third quarter 2015.

Pretax income before noncontrolling interests for the third quarter 2016 was $38.8 million compared to a pretax loss of $5.6 million for the third quarter 2015. However, comparisons to the prior year quarter are influenced by third quarter 2015 charges totaling $43.7 million, composed of $42.8 million and $0.9 million recorded as operating... More