EMERYVILLE, Calif. (AP) — EMERYVILLE, Calif. (AP) — NMI Holdings Inc. (NMIH) on Tuesday reported second-quarter profit of $96.2 million.
On a per-share basis, the Emeryville, California-based company said it had profit of $1.21. Earnings, adjusted for non-recurring costs, came to $1.22 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The mortgage insurance company posted revenue of $173.8 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $170.6 million.
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