Genworth Financial Inc. Reports Retreat In Q1 Bottom Line

(RTTNews) - Genworth Financial Inc. (GNW) reported earnings for first quarter that decreased from the same period last year

The company's bottom line totaled $149 million, or $0.29 per share. This compares with $187 million, or $0.37 per share, in last year's first quarter.

Excluding items, Genworth Financial Inc. reported adjusted earnings of $131 million or $0.25 per share for the period.

The company's revenue for the quarter fell 5.0% to $1.89 billion from $1.99 billion last year.

Genworth Financial Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $149 Mln. vs. $187 Mln. last year. -EPS (Q1): $0.29 vs. $0.37 last year. -Revenue (Q1): $1.89 Bln vs. $1.99 Bln last year.