Fidelity National
Information Solutions, Inc. (Nasdaq: FNIS), North America's most comprehensive
source for real estate-related information services and technology solutions,
today reported operating results for the three and nine-month periods ended
September 30, 2001.
FNIS was formed on August 1, 2001. Fidelity National Financial, Inc.
(NYSE: FNF) acquired a majority ownership of the former VISTAinfo
(Nasdaq: VINF) in a business combination that included FNF's five real estate
related services companies and RISCO. This report includes the historic
results of the five real estate related companies and the results of the
former VINF and RISCO from August 1, 2001.
Net cash earnings, which exclude goodwill amortization, were $2.3 million
for the third quarter of 2001, compared with $1.0 million for the third
quarter of 2000. Net cash earnings per diluted share were $.11 versus $.06 in
the prior year period.
Net earnings were $1.4 million for the third quarter of 2001, compared
with $0.2 million for the third quarter of 2000. Net earnings per diluted
share were $.07 versus $.01 in the prior year period.
For the nine-month period ended September 30, 2001, net cash earnings
were
$6.5 million, compared with $2.0 million for the prior year period. Net cash
earnings per diluted share were $.35 for the nine-month period ended
September 30, 2001 versus $.12 in the prior year period.
For the nine-month period ended September 30, 2001, net earnings were
$4.1 million, compared with a loss of $0.2 million for the prior year period.
Net earnings per diluted share were $.22 for the nine-month period ended
September 30, 2001 versus a loss of $.01 in the prior year period.
Revenues for the third quarter of 2001 were $49.9 million, compared with
$28.3 million for the third quarter of 2000. For the nine-month period ended
September 30, 2001, revenues were $119.0 million versus $62.5 million in the
prior year period.
Published: November 7, 2001
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