Fidelity National Financial Inc's (FNF) stock soared 5.25% in Friday's intraday trading session, fueled by the company's impressive fourth-quarter 2024 earnings report that surpassed analyst expectations.
The title insurance and transaction services provider reported quarterly adjusted earnings of $1.34 per share for the quarter ended December 31, 2024, significantly higher than the analyst consensus estimate of $1.24 per share. Revenue also climbed 5.5% year-over-year to $3.62 billion, exceeding forecasts of $3.46 billion.
The robust financial performance underscores the strength of Fidelity National's core business operations and ability to capitalize on favorable industry trends. With a healthy housing market and continued demand for real estate transactions, the company is well-positioned to sustain its growth momentum in the coming quarters.
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