Genworth Financial (GNW) Tops Q2 EPS by 12c, Beats on Revenues

Genworth Financial (NYSE: GNW) reported Q2 EPS of $0.38, $0.12 better than the analyst estimate of $0.26. Revenue for the quarter came in at $2.16 billion versus the consensus estimate of $2.14 billion.

"I am pleased with Genworth's continued strong performance while we make significant progress towards closing the transaction with Oceanwide," said Tom McInerney, president and CEO of Genworth. "We are working as quickly as possible to secure the necessary regulatory approvals in order to create the greatest and most certain value for our stockholders."

LU Zhiqiang, chairman of Oceanwide, added: "Oceanwide remains committed to the transaction, which would provide Oceanwide with the opportunity to enhance our global insurance expertise and bring better insurance market solutions to China."

For earnings history and earnings-related data on Genworth Financial (GNW) click here.

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