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.
