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Tuesday, July 19, 2016

=MGIC (MTG) reported earnings on Tue 19 Jul 2016 (b/o)




MGIC Investment beats by $0.06, beats on revs :
  • Reports Q2 (Jun) earnings of $0.26 per share, $0.06 better than the Capital IQ Consensus of $0.20; revenues rose 8.4% year/year to $263.5 mln vs the $254.41 mln Capital IQ Consensus. At June 30, 2016, the percentage of loans that were delinquent, excluding bulk loans, was 4.2 percent, compared to 5.1 percent at December 31, 2015, and 5.5 percent at June 30, 2015.

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