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Company News

BUZZ-Genworth MI Canada: Soars on better-than-expected profit

** Canadian insurer’s shares up 6.3 pct at C$38.48

** Stock soars as much as 10.5 pct, hits 2-1/2 year high on the TSX

** Q2 net operating income rises to C$126 mln from C$99 mln, helped by lower losses on claims and higher premiums.

** Operating EPS of C$1.36 beats estimates, EPS has beaten estimates for the 8th consecutive quarter

** More than 264,000 shares traded, 1.4x their 30-day moving avg

** Up to Tuesday’s close, Genworth MI Canada had risen 3.8 pct YTD

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