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.
