Genworth Financial Second Quarter 2024 Earnings: EPS: US$0.18 (vs US$0.28 in 2Q 2023)

Genworth Financial (NYSE:GNW) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.77b (down 6.5% from 2Q 2023).
• Net income: US$77.0m (down 43% from 2Q 2023).
• Profit margin: 4.4% (down from 7.1% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.18 (down from US$0.28 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Genworth Financial shares are down 2.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Genworth Financial that you need to be mindful of.

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