Genworth Financial Down 9.3% On Unexpected $161 Million Loss (GNW)

Shares of Richmond, Virginia-based Genworth Financial Inc GNW are trading down 9.3% at $19.04 per share during the Wednesday afternoon trading session. The day's trading range for shares of Genworth Financial Inc has been between $18.85 and $21.08 per share. Analysts covering the company's stock give it a consensus price target of $18.30 per share. Volume of 550,000 shares is already more than triple the daily average volume of 170,000 shares. Genworth Financial Inc (GNW) announced on Wednesday morning that it missed consensus Wall Street earnings expectations. Genworth Financial Inc announced a 4th quarter net operating loss of 28 cents per share. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 16 cents 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.