Radian Group Inc (RDN) has announced an increase in its fourth-quarter profit compared to the previous year, surpassing analysts' expectations. The company reported a net income of $148.29 million, translating to $0.98 per share, an improvement from the prior year's $142.69 million, or $0.91 per share.
When adjusting for certain items, the company disclosed earnings of $1.09 per share for the period. This performance exceeded the average analyst prediction of $0.94 per share, with analysts generally excluding one-time items from their forecasts.
However, Radian Group's revenue experienced a decline of 3.9%, totaling $315.86 million, down from $328.64 million in the corresponding period last year.
A summary of Radian Group Inc's earnings as per GAAP (Generally Accepted Accounting Principles) is as follows:
- Net Income: $148.29 million, compared to $142.69 million in the previous year.
- Earnings per Share (EPS): $0.98, up from $0.91 last year.
- Revenue: $315.86 million, down from $328.64 million last year.
