Genworth Financial Inc. Q1 Income Declines 66%

(RTTNews) - Genworth Financial Inc. (GNW) announced a profit for first quarter that declined from last year.

The company said its earnings declined to $53 million, or $0.11 per share. This was lower than $154 million, or $0.31 per share, in last year's first quarter.

The company said revenue for the quarter fell 16.4% to $1.79 billion. This was down from $2.14 billion last year.

Genworth Financial Inc. earnings at a glance:

-Earnings (Q1): $53 Mln. vs. $154 Mln. last year. -Earnings Decline (Y-o-Y): -65.6% -EPS (Q1): $0.11 vs. $0.31 last year. -EPS Decline (Y-o-Y): -64.5% -Revenue (Q1): $1.79 Bln vs. $2.14 Bln last year. -Revenue Change (Y-o-Y): -16.4%