Investing.com - MGIC Investment reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
MGIC Investment announced earnings per share of $0.86 on revenue of $292.8M. Analysts polled by Investing.com EPS of $0.52 on revenue of $298.21M.
MGIC Investment 's are down 32% and is trading at $13.50 , still down 19.86% from its 52 week high of $16.84 set on Thursday, January 13, 2022.
MGIC Investment follows other major Financial sector earnings this month
MGIC Investment's report follows an earnings beat by JPMorgan on Friday, October 14, 2022, who reported EPS of $3.12 on revenue of $32.7B, EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on Monday, October 17, 2022 with third quarter EPS of $0.81 on revenue of $24.5B, for EPS of $0.7816 on revenue of $23.56B.
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