Genworth reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Genworth announced earnings per share of $0.07 on revenue of $1.84B. Analysts polled by anticipated EPS of $0.25 on revenue of $1.98B. That with comparison to EPS of $0.24 on revenue of $2.2B in the same period a year before. Genworth had reported EPS of $0.05 on revenue of $2.04B in the previous quarter. Analysts are expecting EPS of $0.25 and revenue of $1.97B in the upcoming quarter.
Genworth shares are down 23.86% from the beginning of the year , still down 32.05% from its 52 week high of $4.93 set on December 17, 2019. They are under-performing the EUR/USD which is down 0% year to date.
Genworth shares gained 4.18% in after-hours trade following the report.
Genworth follows other major Financial sector earnings this month
Genworth's report follows an earnings missed by Berkshire Hathaway on Saturday, who reported EPS of $3608.56 on revenue of $26.06B, compared to forecasts EPS of $3777.89 on revenue of $63.31B.
JPMorgan had missed expectations on April 14 with first quarter EPS of $0.78 on revenue of $29.07B, compared to forecast for EPS of $1.87 on revenue of $29.54B.
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