EMERYVILLE, Calif. (AP) — EMERYVILLE, Calif. (AP) — NMI Holdings Inc. (NMIH) on Tuesday reported first-quarter profit of $89.1 million.
The Emeryville, California-based company said it had profit of $1.08 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share.
The mortgage insurance company posted revenue of $156.3 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $152.4 million.
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