MILWAUKEE (AP) — MILWAUKEE (AP) — MGIC Investment Corp. (MTG) on Wednesday reported second-quarter profit of $182.1 million.
On a per-share basis, the Milwaukee-based company said it had net income of 86 cents. Earnings, adjusted for investment costs, were 87 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The mortgage insurance company posted revenue of $295.4 million in the period. Its adjusted revenue was $297.6 million.
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