Radian Group (RDN) Tops Q1 EPS by 2c, Beats on Revenues

Radian Group (NYSE: RDN) reported Q1 EPS of $0.59, $0.02 better than the analyst estimate of $0.57. Revenue for the quarter came in at $291.59 million versus the consensus estimate of $243.12 million.

• GAAP net income increases 50% year-over-year to $114.5 million; diluted net income per share grows 53% year-over-year to $0.52
• Adjusted diluted net operating income per share increases 60% year-over-year to $0.59
• New MI business written increases 16% and MI in force increases 10% year-over-year
• Book value per share grows 4% and tangible book value per share grows 13% year-over-year
• Company purchases shares of its common stock under most recent share repurchase program

For earnings history and earnings-related data on Radian Group (RDN) click here.

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