Stewart reports Q3 adjusted EPS 86c, consensus 68c

Reports Q3 revenue $601.7M, consensus $579.33M. “Our third quarter results reflect the continuing slowdown in real estate market activity due to the higher interest rate environment coupled with the normal seasonality of late summer. As we expect that higher interest rates will continue for several quarters before beginning to moderate, we will continue to balance thoughtful cost discipline with investment in long-term enterprise initiatives,” commented Fred Eppinger, CEO. “Our focus remains on these long-term strategies that will create a stronger and more resilient company, and I am pleased with the significant progress on these important enterprise initiatives this quarter.”