MGIC Investment (MTG) Tops Q1 EPS by 11c

MGIC Investment (NYSE: MTG) reported Q1 EPS of $0.32, $0.11 better than the analyst estimate of $0.21. Revenue for the quarter came in at $270.2 million versus the consensus estimate of $243.55 million.

Patrick Sinks, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC"), said, "I am pleased to report that in the first quarter of 2015 the company continued to generate high quality new insurance which contributed to an increase in insurance in force." Sinks added, "I am encouraged by the positive trends we continue to experience relative to new delinquent notices, paid claims, and the delinquent inventory."

For earnings history and earnings-related data on MGIC Investment (MTG) click here.

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