First American Financial Corp.: The Santa Ana...
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First American Financial Corp.: The Santa Ana provider of real estate-related financial and information services reported that second-quarter profit declined 5% to $18.5 million, or $1.60 a share, from $19.4 million, or $1.70 a share, for the 1996 second quarter. The company said the current quarter included pretax investment losses of $500,000, compared with gains of $2.2 million a year ago. Revenue rose 9% to a record $450.4 million from $413.4 million. For the six-month period, net income fell 24% to $21.4 million, or $1.85 a share, from $28 million, or $2.45 a share. Revenue increased 10% to $833.3 million from $760.8 million.
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