MILWAUKEE (AP) — MILWAUKEE (AP) — MGIC Investment Corp. (MTG) on Monday reported fourth-quarter earnings of $184.7 million.
On a per-share basis, the Milwaukee-based company said it had net income of 72 cents.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The mortgage insurance company posted revenue of $301.4 million in the period. Its adjusted revenue was $303.1 million.
For the year, the company reported profit of $763 million, or $2.89 per share. Revenue was reported as $1.22 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTG at https://www.zacks.com/ap/MTG
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.