First American Financial Profit Down, Revenue Up

First American Financial Corp., a Santa Ana provider of real estate-related information products and services, reported first-quarter net income of $24.9 million, or 40 cents a share, which included a decrease of $7.4 million after taxes because of an accounting change. A year earlier, the company earned $44.7 million, or 79 cents a share, which included an after-tax investment gain of $19.6 million related to a joint venture agreement with Experian. Revenue advanced 15% to $706.9 million from $612.2 million.