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Real Estate & Property Law
: Housing WireRadian Wows, Posts Q3 Profit
By PAUL JACKSON
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Radian Group Inc. (RDN: 4.25 +20.40%) stunned analysts and investors Wednesday by posting a third quarter profit of $36.7 million, or $.46/share, reversing a year-ago loss of $703.9 million, or $8.82/share. Analysts had expected a huge loss; shares jumped more than 35 percent in afternoon trading, despite a broader drop in benchmark financial indices.
The insurer [...]Full post as published by Housing Wire on November 05, 2008 (boomark / email).
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