The First American Corporation Announces First Quarter 2001 EPS Expectations

Apr 11, 2001, 01:00 ET from The First American Corporation

    SANTA ANA, Calif., April 11 /PRNewswire/ -- The First American Corporation
 (NYSE:   FAF), the nation's leading, diversified provider of business
 information and related products and services, today announced that, in
 conjunction with its April 10, 2001 news release explaining its plans to
 launch an offering of senior convertible debentures, it expects to at least
 meet the current first quarter 2001 IBES consensus EPS estimates of 27 cents.
 The company plans to release first quarter 2001 earnings before the opening of
 regular market trading on May 2, 2001.
     The First American Corporation noted that while the company does not
 typically comment on its earnings expectations, and does not undertake to do
 so in the future, it believes the announcement of its plans to launch a senior
 convertible debt offering warrants such disclosure.
 
     The First American Corporation, based in Santa Ana, Calif., is the
 nation's leading, diversified provider of business information and related
 products and services.  The corporation's three primary business segments
 include:  title information and services; real estate information and
 services, which includes mortgage information services and database
 information and services; and consumer information and services, which
 provides automotive, sub-prime and direct-to-consumer credit reporting;
 direct-to-consumer public records reporting; resident screening;
 pre-employment screening; property and automotive insurance tracking services;
 property and casualty insurance; home warranties; investment advisory; and
 trust and banking services.  Information about the company and an archive of
 its press releases can be found on the Internet at www.firstam.com.
 
     Certain statements made in this press release, including those relating to
 the company's first quarter 2001 earnings, are forward-looking.  Risks and
 uncertainties exist which may cause results to differ materially from those
 set forth in these forward-looking statements.  Factors that could cause the
 anticipated results to differ from those described in the forward-looking
 statements include:  interest rate fluctuations; changes in the performance of
 the real estate markets; general volatility in the capital markets; changes in
 applicable government regulations; consolidation among the company's
 significant customers and competitors; legal proceedings commenced by the
 California attorney general and related litigation; the company's continued
 ability to identify businesses to be acquired; changes in the company's
 ability to integrate businesses which it acquires; and other factors described
 in our Annual Report on Form 10-K for the year ended December 31, 2000, filed
 with the Securities and Exchange Commission.  The forward-looking statements
 speak only as of the date they are made.  The company does not undertake to
 update forward-looking statements to reflect circumstances or events that
 occur after the date the forward-looking statements are made.
 
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990929/FAFLOGO )
 
 

SOURCE The First American Corporation
    SANTA ANA, Calif., April 11 /PRNewswire/ -- The First American Corporation
 (NYSE:   FAF), the nation's leading, diversified provider of business
 information and related products and services, today announced that, in
 conjunction with its April 10, 2001 news release explaining its plans to
 launch an offering of senior convertible debentures, it expects to at least
 meet the current first quarter 2001 IBES consensus EPS estimates of 27 cents.
 The company plans to release first quarter 2001 earnings before the opening of
 regular market trading on May 2, 2001.
     The First American Corporation noted that while the company does not
 typically comment on its earnings expectations, and does not undertake to do
 so in the future, it believes the announcement of its plans to launch a senior
 convertible debt offering warrants such disclosure.
 
     The First American Corporation, based in Santa Ana, Calif., is the
 nation's leading, diversified provider of business information and related
 products and services.  The corporation's three primary business segments
 include:  title information and services; real estate information and
 services, which includes mortgage information services and database
 information and services; and consumer information and services, which
 provides automotive, sub-prime and direct-to-consumer credit reporting;
 direct-to-consumer public records reporting; resident screening;
 pre-employment screening; property and automotive insurance tracking services;
 property and casualty insurance; home warranties; investment advisory; and
 trust and banking services.  Information about the company and an archive of
 its press releases can be found on the Internet at www.firstam.com.
 
     Certain statements made in this press release, including those relating to
 the company's first quarter 2001 earnings, are forward-looking.  Risks and
 uncertainties exist which may cause results to differ materially from those
 set forth in these forward-looking statements.  Factors that could cause the
 anticipated results to differ from those described in the forward-looking
 statements include:  interest rate fluctuations; changes in the performance of
 the real estate markets; general volatility in the capital markets; changes in
 applicable government regulations; consolidation among the company's
 significant customers and competitors; legal proceedings commenced by the
 California attorney general and related litigation; the company's continued
 ability to identify businesses to be acquired; changes in the company's
 ability to integrate businesses which it acquires; and other factors described
 in our Annual Report on Form 10-K for the year ended December 31, 2000, filed
 with the Securities and Exchange Commission.  The forward-looking statements
 speak only as of the date they are made.  The company does not undertake to
 update forward-looking statements to reflect circumstances or events that
 occur after the date the forward-looking statements are made.
 
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990929/FAFLOGO )
 
 SOURCE  The First American Corporation

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