Genworth Financial Reports $161 Million Loss (GNW)

Richmond, Virginia-based Genworth Financial Inc GNW on Wednesday morning released financial results that missed Wall Street earnings expectations. Genworth Financial Inc reported that its 4th quarter net loss of $161 million, or 33 cents per share, compared with net income of $40 million, or 8 cents per share , a year earlier. The company reported a net operating loss 28 cents per share. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 16 cents per share. Genworth Financial Inc (GNW) ended the previous trading session at $13.94 per share. Analysts covering the company's stock have a consensus price target of $15.25 per share. Genworth Financial Inc is a leading Fortune 500 global financial security company, whose products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers. Read more from Benzinga's Company news.