A Mixed Bag Revealed In 2Q Earnings Reports
August 18, 2015 by Cyril Tuohy
Genworth reported a second-quarter loss of $193 million, or 39 cents per diluted share, compared with net income of $176 million, or 35 cents per share in the year-ago period.
Adjusted for one-time costs, earnings came to 24 cents a share, missing Zacks Investment Research analysts’ expectations by 2 cents a share.
After-tax losses were $306 million related to the planned sale of its “lifestyle protection” insurance business, the company also reported. Click HERE to read article
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