First American Financial Corp. reported a profit...

First American Financial Corp. reported a profit of $2 million for the second quarter, less than half the $4.6 million posted for the comparable period last year. Revenue rose 10%, to $170.2 million from $154.4 million. For the first six months of the year, net income totaled $692,000, a 53% decline from the $1.5 million posted for the first half last year. Revenue increased 18%, to $335.5 million from $283.8 million. D.P. Kennedy, president, said that the real estate market appears to have stabilized, and the company expects its profit margins and productivity to improve during the rest of the year. The Santa Ana-based company operates its title insurance business through its principal subsidiary, First American Title Insurance Co.