NMI Holdings posts 1Q profit

EMERYVILLE, Calif. (AP) _ NMI Holdings Inc. (NMIH) on Thursday reported first-quarter net income of $5.5 million, after reporting a loss in the same period a year earlier.

The Emeryville, California-based company said it had net income of 9 cents per share. Earnings, adjusted for non-recurring costs, were 12 cents per share.

The mortgage insurance company posted revenue of $37.1 million in the period.

NMI Holdings shares have increased 8 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.50, a climb of 82 percent 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 NMIH at https://www.zacks.com/ap/NMIH

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