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October 26, 2007
Stewart Information Posts 3Q Loss
Stewart Information Services Corp. lost money in the third quarter as the slumping housing market hamstrung demand for real estate services.
Stewart Information Services lost $14.3 million, or 79 cents per share, in the third quarter, compared with profit of $14.2 million, or 77 cents per share, in the third quarter of 2006. Stewart Information's revenue shrank 22 percent to $501.9 million from $641.5 million.
Posted by S. Germain at October 26, 2007 08:46 AM