MGIC Investment Corp Profit Rises In Q1

MGIC Investment Corp (MTG) announced earnings for its first quarter that increased from last year

The company's earnings came in at $185.5 million, or $0.75 per share. This compares with $174.1 million, or $0.64 per share, last year.

Excluding items, MGIC Investment Corp reported adjusted earnings of $185.2 million or $0.75 per share for the period.

The company's revenue for the period rose 4.0% to $306.2 million from $294.4 million last year.

MGIC Investment Corp earnings at a glance (GAAP) :

-Earnings: $185.5 Mln. vs. $174.1 Mln. last year.
-EPS: $0.75 vs. $0.64 last year.
-Revenue: $306.2 Mln vs. $294.4 Mln last year.

by RTTNews Staff Writer

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