Published on 30 Oct 2023 on Zacks via Yahoo Finance
Radian Group (RDN) Q3 Earnings Top, Insurance in Force Rises
Radian Group Inc. RDN reported third-quarter 2023 adjusted operating income of $1.04 per share, which beat the Zacks Consensus Estimate by 31.6%. However, the bottom line decreased 20.6% year over year.Operating revenues increased 6.5% year over year to $311 million due to higher net premiums earned and services revenues. The metric beat the Zacks Consensus Estimate by 6.4%.The results reflect the strength of the business model and the insured portfolio.
Radian Group Inc. Price, Consensus and EPS Surprise