Radian Group Inc Q1 adjusted earnings Beat Estimates

(RTTNews) - Radian Group Inc (RDN) reported a profit for first quarter that dropped from last year.

The company's earnings totaled $125.61 million, or $0.64 per share. This compares with $140.46 million, or $0.70 per share, in last year's first quarter.

Excluding items, Radian Group Inc reported adjusted earnings of $167.3 million or $0.68 per share for the period.

Analysts had expected the company to earn $0.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.1% to $328.81 million from $329.08 million last year.

Radian Group Inc earnings at a glance:

-Earnings (Q1): $167.3 Mln. vs. $204.6 Mln. last year. -EPS (Q1): $0.68 vs. $0.80 last year. -Analysts Estimate: $0.67 -Revenue (Q1): $328.81 Mln vs. $329.08 Mln last year.