Radian Group (RDN) Tops Q3 EPS by 8c, Revenues Beat

Radian Group (NYSE: RDN) reported Q3 EPS of $0.71, $0.08 better than the analyst estimate of $0.63. Revenue for the quarter came in at $330.69 million versus the consensus estimate of $253.93 million.

“The third quarter was another exceptional one for Radian, with net income of $143 million, adjusted net operating ROE of 19%, 10% growth in mortgage insurance in force and 13% growth in book value,” said Radian’s Chief Executive Officer Rick Thornberry. “Our performance reflects the quality of our team, the power of our customer relationships, the strength and flexibility of our financial position, and the value of our $217 billion mortgage insurance portfolio.”

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

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