Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
RICHMOND, Va. (AP) _ Genworth Financial Inc. (GNW) on Tuesday reported fourth-quarter net income of $267 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Richmond, Virginia-based company said it had net income of 52 cents. Earnings, adjusted for investment gains, were 34 cents per share.
The financial services company posted revenue of $2.26 billion in the period. Its adjusted revenue was $2.09 billion.
For the year, the company reported profit of $178 million, or 35 cents per share. Revenue was nearly unchanged at $8.1 billion.
Insight by Apptio: Learn how the SEC will utilize a new IT cost manager to review and analyze the agency’s spending on cloud services on a day-by-day basis in this free webinar.
In the final minutes of trading on Tuesday, the company’s shares hit $3.77. A year ago, they were trading at $4.28.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GNW at https://www.zacks.com/ap/GNW
Copyright © 2021 . All rights reserved. This website is not intended for users located within the European Economic Area.