EMERYVILLE, Calif. (AP) — EMERYVILLE, Calif. (AP) — NMI Holdings Inc. (NMIH) on Tuesday reported first-quarter profit of $102.6 million.
The Emeryville, California-based company said it had profit of $1.28 per share.
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 $173.2 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $170.3 million.
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