EMERYVILLE, Calif. (AP) — EMERYVILLE, Calif. (AP) — NMI Holdings Inc. (NMIH) on Wednesday reported third-quarter profit of $92.8 million.
On a per-share basis, the Emeryville, California-based company said it had profit of $1.15.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The mortgage insurance company posted revenue of $166.1 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $164.6 million.
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