WASHINGTON (dpa-AFX) - Genworth Financial Inc. (GNW) announced a profit for its second quarter that increased compared to the same period last year.
The company said its bottom line climbed to $123 million, or $0.25 per share. This was higher than $119 million, or $0.2 per share, in last year's second quarter.
Analysts had expected the company to earn $0.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 3.7% to $2.24 billion. This was up from $2.16 billion last year.
Genworth Financial Inc. earnings at a glance:
-Earnings (Q2): $123 Mln. vs. $119 Mln. last year. -Earnings Growth (Y-o-Y): 3.4% -EPS (Q2): $0.25 vs. $0.2 last year. -EPS Growth (Y-o-Y): 25.0% -Analysts Estimate: $0.21 -Revenue (Q2): $2.24 Bln vs. $2.16 Bln last year. -Revenue Change (Y-o-Y): 3.7%
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