Genworth MI Canada Q1 income exceeds Wall Street expectations

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Mortgage insurer Genworth MI Canada Inc. has revealed its recorded first-quarter net income of  $107.5m CAD.

The figure was more than the expected income by Wall Street analysts, which is 73 cents per share according to Zacks Investment Research. Genworth managed to exceed expectations with 85 cents per share.
Meanwhile, earnings, adjusted for non-recurring gains, came to 81 cents per share.
However, Genworth MI Canada shares have decreased 10 per cent since the beginning of 2015. The stock has dropped 7.5 per cent in the last 12 months.

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