Genworth Financial Inc. Q2 Profit Decreases, But Beats Estimates

(RTTNews) - Genworth Financial Inc. (GNW) revealed earnings for second quarter that Decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $51 million, or $0.12 per share. This compares with $76 million, or $0.17 per share, last year.

Excluding items, Genworth Financial Inc. reported adjusted earnings of $68 million or $0.16 per share for the period.

Analysts on average had expected the company to earn $0.02 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 1.5% to $1.796 billion from $1.769 billion last year.

Genworth Financial Inc. earnings at a glance (GAAP) :

-Earnings: $51 Mln. vs. $76 Mln. last year. -EPS: $0.12 vs. $0.17 last year. -Revenue: $1.796 Bln vs. $1.769 Bln last year.