Investor's Business Daily (04/18/08) P. A2
MGIC Investment reported a loss of 41 cents per share for the first quarter, which is less than economists' expectations of a $1.69 loss. However, the biggest mortgage insurer in the country failed to meet expectations for revenue growth, despite climbing 14.6 percent to $424 million. Rising defaults are taking a toll, pushing claims to $691.6 million from $181.8 million during the 2007 first quarter.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment