Radian Earnings Fall
Doesn't match estimates.
Philadelphia based credit risk management company
Radian's
(RDN) - Get Radian Group Inc. Report
fourth quarter earnings fell by 33%.
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The company earned $104.5 million, or $1.24 a share, in the quarter, compared with $156 million, or $1.62 a share, last year. Revenue fell 23% from a year ago to $298.6 million. Analysts expected $1.38 a share of earnings in the latest quarter.
The net income margin for the quarter was 35% as compared to the previous year's 41.1%.
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