April 26 (Reuters) – Title insurer First American Financial Corp's quarterly profit missed Wall Street expectations, as higher costs weighed on the company's results.
The company, one of the largest U.S. title insurers by revenue, posted a profit of $31.3 million for the first quarter, or 29 cents per share, compared with a loss of $15.3 million, or 15 cents per share, a year ago.
Analysts on average had expected the Santa Ana, California-based company to earn 32 cents per share for the quarter ended March 31, according to Thomson Reuters I/B/E/S.
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