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Earnings Analysis: 
Radian PMI, MBIA Rise
Author: 123jump.com Staff
123jump.com
Last Update: 12:16 AM EDT May 12 2008

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The PMI Group, mortgage insurer reported first quarter revenue rose 6.8% to $315 million and net loss of $274 million or $3.37 per share compared to net income of $102 million or $1.16 per share. Radian Group, structured finance and credit risk manager reported net operating loss of $215 million or $2.69 per share compared to a net income of $107 million or $1.34 per share.

 
The PMI Group, Inc, a provider of financial products reported first quarter revenues climbed 6.77% to $315.9 million from $294.5 million a year ago. Net loss in the quarter was $274 million or $3.37 per diluted share compared to net income of $102 million or $1.16 per share, a year ago.

The PMI Group, Inc stock (PMI: chart) rose 18 cents to $6.15.

XOMA Ltd, a biopharmaceutical company reported first quarter revenues slipped 2% to $12.1 million from $12.3 million a year ago. Net loss in the quarter was $14.2 million or 11 cents per diluted share compared to net loss of $15.9 million or 14 cents per share, a year ago.

XOMA Ltd stock (XOMA: chart) fell 17 cents to $2.15.
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