WASHINGTON (dpa-AFX) - Radian Group Inc (RDN) revealed a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $148.29 million, or $0.98 per share. This compares with $142.69 million, or $0.91 per share, last year.
Excluding items, Radian Group Inc reported adjusted earnings of $1.09 per share for the period.
Analysts on average had expected the company to earn $0.94 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 3.9% to $315.86 million from $328.64 million last year.
Radian Group Inc earnings at a glance (GAAP) :
-Earnings: $148.29 Mln. vs. $142.69 Mln. last year. -EPS: $0.98 vs. $0.91 last year. -Revenue: $315.86 Mln vs. $328.64 Mln last year.
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