Genworth Financial Misses on EPS and Revs (GNW)

Genworth Financial Inc. GNW reports Q2 earnings of $0.24 versus estimates of $0.28. Genworth Financial Inc. reports Q2 revenues of $2.41 billion versus estimates of $2.56 billion. The company said that net premiums for the quarter totaled $1.47 billion and that stockholder’s equity was $28.48 per share. GNW’s international earnings increased 41% year over year to $140 million. "Genworth continued strategic progress on all fronts delivering strong international results, good sales momentum and improved performance in U.S. Mortgage Insurance and investment income," said Michael D. Fraizer, chairman and chief executive officer. "Looking ahead, we continue to position the company effectively to navigate the slow economic recoveries we see in the U.S. and Europe while investing in our priority growth platforms." Shares of GNW are lower in the after-hours by 0.57%.