ORANGE COUNTY

Fidelity Sees Better Earnings: Fidelity National Financial Corp. said that it expects a significant improvement in fiscal 1991 third-quarter earnings this year because it shifted its focus to the residential refinancing market, which has gained strength as interest rates have fallen. The Irvine title insurance company said it expects to post net income for the quarter ended July 31 of $2.2 million to $2.4 million, or 64 cents to 69 cents a share, up from $1.9 million, or 54 cents a share, for the third quarter of its fiscal 1990. The company said it expects revenue for the quarter to be between $55 million and $59 million, up from $46.9 million a year earlier. William P. Foley II, chairman and chief executive, also said he expects fourth-quarter net income of at least 47 cents a share.