First American Financial Results Up in 4th Quarter, Down for Year

SANTA ANA — First American Financial Corp.’s profit and revenue slumped last year, but an improving real estate market helped boost fourth-quarter results, the company said Thursday.

Profit for the provider of real estate-related financial services fell 60% last year, to $7.6 million, or 67 cents a share, which included a first-quarter net loss of $12.7 million. The company earned $18.9 million, or $1.66 a share, for 1994. Revenue declined 7%, to $1.3 billion from $1.4 billion.

Net income for the fourth quarter totaled $9.8 million, or 87 cents a share, up from a net loss of $2.9 million, or 25 cents a share, for the same period in 1994. Revenue was up 21%, to $364.5 million from $300.1 million.