Radian Group Inc Q3 adjusted earnings Beat Estimates

(RTTNews) - Radian Group Inc (RDN) reported a profit for its third quarter that advanced from last year.

The company's profit totaled $142.80 million, or $0.66 per share. This compares with $65.14 million, or $0.30 per share, in last year's third quarter.

Excluding items, Radian Group Inc reported adjusted earnings of $196.7 million or $0.71 per share for the period.

Analysts had expected the company to earn $0.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.0% to $330.69 million from $312.05 million last year.

Radian Group Inc earnings at a glance:

-Earnings (Q3): $196.7 Mln. vs. $155.6 Mln. last year. -EPS (Q3): $0.71 vs. $0.46 last year. -Analysts Estimate: $0.63 -Revenue (Q3): $330.69 Mln vs. $312.05 Mln last year.