Fidelity National Financial Ventures Q2 Earnings Fall 73%

(RTTNews) - Fidelity National Financial Ventures (FNFV) released a profit for second quarter that declined from last year.

The company said its bottom line declined to $4 million, or $0.06 per share. This was lower than $15 million, or $0.18 per share, in last year's second quarter.

Analysts had expected the company to earn $0.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 13.0% to $348 million. This was down from $400 million last year.

Fidelity National Financial Ventures earnings at a glance:

-Earnings (Q2): $4 Mln. vs. $15 Mln. last year. -Earnings Decline (Y-o-Y): -73.3% -EPS (Q2): $0.06 vs. $0.18 last year. -EPS Decline (Y-o-Y): -66.7% -Analysts Estimate: $0.06 -Revenue (Q2): $348 Mln vs. $400 Mln last year. -Revenue Change (Y-o-Y): -13.0%