Fidelity National Financial Q2 Profit Decreases - Quick Facts

(RTTNews) - Fidelity National Financial, Inc. (FNF) reported that its second-quarter net earnings attributable to shareholders decreased to $139 million or $0.61 per share, from $147 million or $0.65 per share, last year.

The company said its consolidated results include a one-time $20 million pre-tax charge related to an employment litigation lawsuit and $2.5 million of pre-tax expenses related to the definitive agreement to acquire Lender Processing Services, Inc. (LPS).

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.62 for the quarter. Analysts' estimates typically exclude special items. Total revenue increased to $2.28 billion, from $1.73 billion last year. Analysts expected revenue of $2.25 billion for the quarter. Total expenses rose to $2.06 billion, from $1.51 billion prior year.