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Fidelity National Financial reports drop in 2Q income

Profit dips from LPS acquisition-related expenses

Fidelity National Financial (FNF) agreed to acquire Lender Processing Services in late May; however, the new deal resulted in a negative impact on Fidelity’s second-quarter earnings. Higher costs related to the purchase reportedly masked the firm's revenue growth.

Fidelity posted a profit of $139 million, or 61 cents a share, down from $147 million, or 65 cents a share, a year earlier, according to a MarketWatch report. 

3d rendering of a row of luxury townhouses along a street

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