Stewart reports Q2 adjusted EPS adjusted 69c, consensus 71c

Reports Q2 revenue $549.2M, consensus $588.03M. “Our Q2 results improved compared to the Q1 as we moved into the seasonally stronger summer selling season. The elevated interest rate environment continued throughout the second quarter as mortgage interest rates reached almost seven percent, keeping transaction volumes from increasing as in a normal market,” commented Fred Eppinger, CEO. “Our long-term strategies of creating a stronger and more resilient company remain our primary focus, and I am pleased with our progress on these important initiatives. We continue to balance cost discipline with investments in managing our operations in this challenging environment.”