MGIC: 2Q Earnings Snapshot

MILWAUKEE (AP) _ MGIC Investment Corp. (MTG) on Tuesday reported second-quarter net income of $167.8 million.

The Milwaukee-based company said it had profit of 46 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The mortgage insurance company posted revenue of $292.3 million in the period. Its adjusted revenue was $292 million.

MGIC shares have climbed 26% since the beginning of the year. The stock has increased 6% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTG at https://www.zacks.com/ap/MTG