Radian Group Inc (RDN) has reported third-quarter earnings that surpass Wall Street expectations. The company's net income was $151.89 million, or $0.99 per share, compared to $156.58 million, or $0.98 per share, in the same period last year.
On an adjusted basis, Radian Group Inc achieved earnings of $199 million, or $1.03 per share, for the quarter. This outperformed the consensus forecast, as analysts surveyed by Thomson Reuters had anticipated earnings of $0.91 per share, excluding special items.
For the quarter, Radian Group's revenue increased by 6.8%, reaching $333.86 million, up from $312.51 million in the previous year.
Summary of Radian Group Inc's Q3 Financials (GAAP):
- Net Income: $151.89 million, compared to $156.58 million last year.
- Earnings Per Share (EPS): $0.99, compared to $0.98 last year.
- Revenue: $333.86 million, compared to $312.51 million last year.
