WASHINGTON (dpa-AFX) - Radian Group Inc (RDN) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $193.45 million, or $1.07 per share. This compares with $148.01 million, or $0.76 per share, in last year's fourth quarter.
Excluding items, Radian Group Inc reported adjusted earnings of $245.1 million or $1.07 per share for the period.
Analysts on average had expected the company to earn $0.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 8.5% to $338.37 million from $369.86 million last year.
Radian Group Inc earnings at a glance (GAAP) :
-Earnings (Q4): $193.45 Mln. vs. $148.01 Mln. last year. -EPS (Q4): $1.07 vs. $0.76 last year. -Analyst Estimate: $0.69 -Revenue (Q4): $338.37 Mln vs. $369.86 Mln last year.
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