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PMI Group Posts 1Q Loss But Tops Street Forecast
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PMI
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WALNUT CREEK, Calif. (AP) — PMI Group Inc. on Monday posted a first-quarter loss as its U.S. mortgage insurance operations continued to languish, but its results were still better than analyst predictions.
PMI recorded a loss of $115.3 million, or $1.41 per share, compared with a loss of $274 million, or $3.37 per share, in the same quarter a year earlier.
Analysts polled by Thomson Reuters had expected a loss of $1.79 per share. ...
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