Radian Group Inc Q2 Earnings Fall 11%

(RTTNews) - Radian Group Inc (RDN) released a profit for second quarter that decreased from last year.

The company said its earnings fell to $131.4 million, or $0.38 per share. This was down from $147.3 million, or $0.40 per share, in last year's second quarter.

Analysts had expected the company to earn $0.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.1% to $330.17 million. This was down from $330.42 million last year.

Radian Group Inc earnings at a glance:

-Earnings (Q2): $131.4 Mln. vs. $147.3 Mln. last year. -Earnings Decline (Y-o-Y): -10.8% -EPS (Q2): $0.38 vs. $0.40 last year. -EPS Decline (Y-o-Y): -5.0% -Analysts Estimate: $0.38 -Revenue (Q2): $330.17 Mln vs. $330.42 Mln last year. -Revenue Change (Y-o-Y): -0.1%