Compass Point Downgrades Radian Group (RDN) to Neutral
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Go back to Compass Point Downgrades Radian Group (RDN) to Neutral
October 27, 2016 6:31 AM EDT
-- Net income of $83 million or $0.37 per diluted share
-- Adjusted diluted net operating income per share of $0.41
-- Writes $15.7 billion in new MI business; sets company record for
highest quarterly volume of flow MI
-- Book value per share increases 14% year-over-year to $13.47
PHILADELPHIA--(BUSINESS WIRE)--
Radian Group Inc. (NYSE: RDN) today reported net income for the quarter
ended September 30, 2016, of $82.8 million, or $0.37 per diluted share.
This compares to net income for the quarter ended September 30, 2015, of
$70.1 million, or $0.29 per diluted share. Pretax income for the quarter
ended September 30, 2016, was $126.9 million, compared to $115.7 million
for the quarter ended September 30, 2015.
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