Genworth Financial Posts 4Q Profit

RICHMOND, Va. (AP) _ Genworth Financial Inc. (GNW) on Tuesday reported fourth-quarter net income of $353 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 70 cents. Earnings, adjusted for non-recurring gains, came to 65 cents per share.

The financial services company posted revenue of $1.69 billion in the period. Its adjusted revenue was $1.64 billion.

For the year, the company reported net income of $817 million, or $1.63 per share, swinging to a profit in the period. Revenue was reported as $8.3 billion.

In the final minutes of trading on Tuesday, the company's shares hit $2.75. A year ago, they were trading at $3.50.

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