Investing.com - Genworth reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Genworth announced earnings per share of $0.38 on revenue of $2.04B. Analysts polled by Investing.com anticipated EPS of $0.237 on revenue of $1.9B.
Genworth shares are down 10.05% from the beginning of the year, still down 28.57% from its 52 week high of $4.76 set on December 7, 2020. They are under-performing the EUR/USD which is down 0% from the start of the year.
Genworth shares gained 5.88% in after-hours trade following the report.
Genworth follows other major Financial sector earnings this month
Genworth's report follows an earnings beat by Bank of America on July 14, who reported EPS of $1.03 on revenue of $21.47B, compared to forecasts EPS of $0.7706 on revenue of $21.8B.
Wells Fargo&Co had beat expectations on July 14 with second quarter EPS of $1.38 on revenue of $20.27B, compared to forecast for EPS of $0.9752 on revenue of $17.76B.
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