MGIC: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2024, 01:48 AM ET
Last Updated - Aug 01, 2024, 01:48 AM EDT
MILWAUKEE (AP) — MILWAUKEE (AP) — MGIC Investment Corp. (MTG) on Wednesday reported second-quarter profit of $204.2 million.
The Milwaukee-based company said it had net income of 77 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The mortgage insurance company posted revenue of $305.3 million in the period. Its adjusted revenue was $305.6 million.
