Radian Group Inc Q4 Profit Retreats

Radian Group Inc (RDN) released earnings for fourth quarter that lost ground compared to the same period last year.

The company said its bottom line came in at $6.82 million, or $0.03 per share. This was lower than $65.14 million, or $0.30 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.9% to $317.91 million. This was up from $312.05 million last year.

Radian Group Inc earnings at a glance:

-Earnings (Q4): $6.82 Mln. vs. $65.14 Mln. last year.
-Earnings Decline (Y-o-Y): -89.5%
-EPS (Q4): $0.03 vs. $0.30 last year.
-EPS Decline (Y-o-Y): -90.0%
-Analysts Estimate: $0.45
-Revenue (Q4): $317.91 Mln vs. $312.05 Mln last year.
-Revenue Change (Y-o-Y): 1.9%

For comments and feedback contact: editorial@rttnews.com

Follow RTT