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Genworth shares climb as results top analyst forecasts
Friday, January 29th, 2010, 1:04 pm
Source: MarketWatch
Genworth 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.
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