Stewart Information Services Corp (STC) released earnings for its third quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $30.1 million, or $1.07 per share. This compares with $14.0 million, or $0.51 per share, in last year's third quarter.
Excluding items, Stewart Information Services Corp reported adjusted earnings of $33.1 million or $1.17 per share for the period.
Analysts on average had expected the company to earn $1.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.0% to $667.9 million from $601.7 million last year.
Stewart Information Services Corp earnings at a glance (GAAP) :
-Earnings (Q3): $30.1 Mln. vs. $14.0 Mln. last year.
-EPS (Q3): $1.07 vs. $0.51 last year.
-Revenue (Q3): $667.9 Mln vs. $601.7 Mln last year.
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