LandAmerica 4th-quarter profit drops - 2004-02-19
LandAmerica Financial Group Inc., a provider of real estate transaction services, on Wednesday said fourth-quarter profit decreased 63 percent, reflecting a significant drop in mortgage activity and one-time charges.
The Richmond, Virginia, company posted a profit of $24.7 million, or $1.32 a share, down from $66.3 million, or $3.61, in the year-earlier period.
Read the full story at Reuters