EMERYVILLE, Calif. (AP) — EMERYVILLE, Calif. (AP) — NMI Holdings Inc. (NMIH) on Wednesday reported fourth-quarter net income of $83.4 million.
On a per-share basis, the Emeryville, California-based company said it had profit of $1.01.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.
The mortgage insurance company posted revenue of $151.4 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $150 million.
For the year, the company reported profit of $322.1 million, or $3.84 per share. Revenue was reported as $579 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NMIH at https://www.zacks.com/ap/NMIH