MGIC Investment Corp (MTG) revealed a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $184.70 million, or $0.72 per share. This compares with $184.50 million, or $0.66 per share, last year.
Excluding items, MGIC Investment Corp reported adjusted earnings of $184.50 million or $0.72 per share for the period.
Analysts on average had expected the company to earn $0.66 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 6.2% to $301.44 million from $283.96 million last year.
MGIC Investment Corp earnings at a glance (GAAP) :
-Earnings: $184.70 Mln. vs. $184.50 Mln. last year.
-EPS: $0.72 vs. $0.66 last year.
-Revenue: $301.44 Mln vs. $283.96 Mln last year.
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