EMERYVILLE, Calif. (AP) — EMERYVILLE, Calif. (AP) — NMI Holdings Inc. (NMIH) on Tuesday reported fourth-quarter profit of $94.2 million.
The Emeryville, California-based company said it had net income of $1.20 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The mortgage insurance company posted revenue of $180.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $179 million.
For the year, the company reported profit of $388.9 million, or $4.92 per share. Revenue was reported as $706.4 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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