MGIC fourth-qtr profit tops estimates, shares up - 2004-01-12
Private mortgage insurer MGIC Investment Corp. on Monday said its quarterly earnings dropped, but were ahead of Wall Street estimates, and its shares jumped as much as 16 percent.
The Milwaukee, Wisconsin-based company said its fourth-quarter earnings fell to $103.9 million, or $1.05 per share, compared with $137.5 million, or $1.37 per share, a year earlier.
Read the full story at Reuters