Categories AlphaGraphs, Earnings, Finance
Earnings: Highlights of Genworth Financial’s (GNW) Q3 2022 results
Insurance service provider Genworth Financial, Inc. (NYSE: GNW) has reported lower earnings and revenues for the third quarter of 2022. The company said it expects higher free cash flow going forward.
Net income available to shareholders declined sharply to $104 million or $0.20 per share in the September quarter from $314 million or $0.61 per share in the prior-year period.
The bottom line was negatively impacted by an 11% decrease in revenues to $1.84 billion, with all the operating segments registering negative growth.
Read management/analysts’ comments on quarterly reports
“We are pleased with the progress we have made in the first nine months of the year. Genworth achieved our debt target further stabilized our legacy LTC book, and initiated a program to return capital to our shareholders, while also delivering solid financial results,” said Genworth’s CEO Tom McInerney.
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
Earnings Preview: What to look for when Netflix (NFLX) reports Q4 2025 results
Netflix, Inc. (NASDAQ: NFLX) is expected to report Q4 results on January 20, amid expectations for strong revenue and earnings growth. The company is navigating a shifting streaming landscape where
What to look for when United Airlines (UAL) reports its Q4 2025 earnings results
Shares of United Airlines (NASDAQ: UAL) stayed red on Thursday. The stock has gained 15% over the past three months. The airline is scheduled to report its earnings results for
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
