WASHINGTON (dpa-AFX) - Radian Group Inc (RDN) reported earnings for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $198.3 million, or $1.20 per share. This compares with $126.4 million, or $0.67 per share, in last year's third quarter.
Analysts on average had expected the company to earn $0.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 9.1% to $296.19 million from $325.76 million last year.
Radian Group Inc earnings at a glance (GAAP) :
-Earnings (Q3): $198.3 Mln. vs. $126.4 Mln. last year. -EPS (Q3): $1.20 vs. $0.67 last year. -Analyst Estimate: $0.77 -Revenue (Q3): $296.19 Mln vs. $325.76 Mln last year.
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