Fidelity National Financial, an Irvine-based holding company...

Fidelity National Financial, an Irvine-based holding company for three title insurance companies, lost $1.3 million in the first quarter of its fiscal year ended Jan. 31, contrasted with net income of $1.4 million in the previous year’s first quarter. Revenue for the quarter rose 28.4% to $26.7 million this year from $20.8 million last year. William P. Foley II, Fidelity’s president, attributed the company’s quarterly loss to costs of relocating its headquarters to Irvine from Scottsdale, Ariz., in early October, to expenses of acquiring a California title company last year, and to higher interest rates in the second half of 1987, which caused a slowdown in title orders and closings through January, 1988.