NMI Holdings: 3Q Earnings Snapshot
EMERYVILLE, Calif. (AP) _ NMI Holdings Inc. (NMIH) on Wednesday reported third-quarter earnings of $49.8 million.
On a per-share basis, the Emeryville, California-based company said it had net income of 69 cents. Earnings, adjusted for non-recurring costs, were 71 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The mortgage insurance company posted revenue of $101.6 million in the period.
NMI Holdings shares have increased 63% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $29.12, a climb of 38% in the last 12 months.