NMI Holdings: Q3 Earnings Snapshot

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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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NMIH at https://www.zacks.com/ap/NMIH

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