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ORANGE COUNTY EARNINGS

First American Financial Corp. Reports $7.6-Million Profit

July 28, 1994

First American Financial Corp., a Santa Ana provider of real estate financial services, posted a second-quarter profit of $7.6 million, or 67 cents a share. That was down from earnings of $17.5 million, or $1.55 a share, for 1993's second quarter. Revenue was up 11%, to $369 million from $333.5 million.

For the first half, the company's profit totaled $17 million, or $1.49 a share, compared to earnings of $26.2 million, or $2.32 a share, for the 1993 period, which included a onetime gain of $4.2 million from an accounting change. Six-month revenue increased 21% to $741.4 million from $612.5 million.

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