Enact Holdings Inc. (ACT) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $165.78 million, or $1.08 per share. This compares with $160.99 million, or $1.01 per share, last year.
Excluding items, Enact Holdings Inc. reported adjusted earnings of $168.84 million or $1.10 per share for the period.
Analysts on average had expected the company to earn $1.09 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 5.2% to $306.78 million from $291.58 million last year.
Enact Holdings Inc. earnings at a glance (GAAP) :
-Earnings: $165.78 Mln. vs. $160.99 Mln. last year.
-EPS: $1.08 vs. $1.01 last year.
-Revenue: $306.78 Mln vs. $291.58 Mln last year.
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