Driven partially by $10 million in additional title revenues, Stewart Information Services Corp. beat analyst expectations and reported a modest increase in revenues for the first quarter.
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Stewart beats first-quarter expectations
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Industry News
Monday, April 24, 2017
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Driven partially by $10 million in additional title revenues, Stewart Information Services Corp. beat analyst expectations and reported a modest increase in revenues for the first quarter.
Among the other strong signs – Stewart reported fewer opened orders and fewer closed orders than a year earlier yet still found profitable margins.
Stewart CEO Matthew W. Morris said increased home purchases by millennials and higher home prices in coming months may offset declining refinance volume due to rising interest rates.
Read on for more details.
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