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NMI Holdings: 3Q Earnings Snapshot

EMERYVILLE, Calif. (AP) _ NMI Holdings Inc. (NMIH) on Tuesday reported third-quarter profit of $24.8 million.

On a per-share basis, the Emeryville, California-based company said it had net income of 36 cents. Earnings, adjusted for non-recurring costs, came to 46 cents per share.

The mortgage insurance company posted revenue of $71.8 million in the period.

NMI Holdings shares have risen 12 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.99, a rise of 30 percent in the last 12 months.


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