MarketWatch - Jan 29, 2010Genworth Financial, Inc. (GNW)
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Andrew Kligerman
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UBSGenworth Financial shares climbed to a new 52 week high Friday after the insurer reported another quarter of results that exceeded analyst expectations as its troubled US mortgage insurance business showed signs of improvement Genworth /quotes/comstock/13*!gnw /quotes/nls/gnw (
GNW 1407 , +044 , +323% ) said late Thursday that fourth quarter net income available to common shareholders came in at $40 million, or 8 cents a share In the same period a year earlier, at the height of the financial crisis, the insurer reported a net loss of $321 million, or 74 cents a share Net operating income available to common shareholders, which excludes net realized investment gains and losses, was $94 million, or 19 cents a share, Genworth added
The company was expected to make 10 cents a share, according to the average estimate of 16 analysts in a Thomson Reuters survey The "operating earnings per share beat was led by a better than expected US mortgage insurance loss ratio," Andrew Kligerman, an insurance analyst at UBS, wrote in a note to investors Friday
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Genworth Financial shares climbed to a new 52 week high Friday after the insurer reported another quarter of results that exceeded analyst expectations as its troubled US mortgage insurance business showed signs of improvement Genworth /quotes/comstock/13*!gnw /quotes/nls/gnw ( <span class="company">GNW</span> 1407 , +044 , +323% ) said late Thursday that fourth quarter net income available to common shareholders came in at $40 million, or 8 cents a share In the same period a year earlier, at the height of the financial crisis, the insurer reported a net loss of $321 million, or 74 cents a share Net operating income available to common shareholders, which excludes net realized investment gains and losses, was $94 million, or 19 cents a share, Genworth added<span class="sent"> The company was expected to make 10 cents a share, according to the average estimate of 16 analysts in a Thomson Reuters survey The "operating earnings per share beat was led by a better than expected US mortgage insurance loss ratio," <span class="analyst">Andrew Kligerman</span>, an insurance analyst at UBS, wrote in a note to investors Friday</span>...Genworth Financial shares climbed to a new 52 week high Friday after the insurer reported another quarter of results that exceeded analyst expectations as its troubled US mortgage insurance business showed signs of improvement Genworth /quotes/comstock/13*!gnw /quotes/nls/gnw ( <span class="company">GNW</span> 1407 , +044 , +323% ) said late Thursday that fourth quarte
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