EMERYVILLE, Calif. (AP) — EMERYVILLE, Calif. (AP) — NMI Holdings Inc. (NMIH) on Tuesday reported third-quarter profit of $96 million.
On a per-share basis, the Emeryville, California-based company said it had net income of $1.22. Earnings, adjusted for non-recurring gains, were $1.21 per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of $1.21 per share.
The mortgage insurance company posted revenue of $178.7 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $174.7 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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