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Fidelity National 2nd-qtr profit falls 92 pct

Wed Jul 23, 2008 4:31pm EDT

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NEW YORK, July 23 (Reuters) - Fidelity National Financial Inc (FNF.N), which controls one of the largest U.S. title insurers, said on Wednesday second-quarter profit tumbled 92 percent as the housing slump cut into home sales and refinancings.

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Net income fell to $6.9 million, or 3 cents per share, from $84.8 million, or 38 cents a share, a year earlier. Revenue fell 21 percent to $1.18 billion. (Reporting by Jonathan Stempel; editing by Jeffrey Benkoe)

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