Radian Group Inc Q3 adjusted earnings Miss Estimates

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

The company's profit totaled $126.41 million, or $0.67 per share. This compares with $135.10 million, or $0.70 per share, in last year's third quarter.

Analysts had expected the company to earn $0.71 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 13.2% to $325.76 million from $375.23 million last year.

Radian Group Inc earnings at a glance:

-EPS (Q3): $0.67 vs. $0.59 last year. -Analysts Estimate: $0.71 -Revenue (Q3): $325.76 Mln vs. $375.23 Mln last year.