MGIC Investment Corp (MTG) reported a profit for its third quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $200.0 million, or $0.77 per share. This compares with $182.8 million, or $0.64 per share, in last year's third quarter.
Excluding items, MGIC Investment Corp reported adjusted earnings of $200.7 million or $0.77 per share for the period.
Analysts on average had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 3.4% to $306.6 million from $296.5 million last year.
MGIC Investment Corp earnings at a glance (GAAP) :
-Earnings (Q3): $200.0 Mln. vs. $182.8 Mln. last year.
-EPS (Q3): $0.77 vs. $0.64 last year.
-Revenue (Q3): $306.6 Mln vs. $296.5 Mln last year.
For comments and feedback: editorial@rttnews.com