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MGIC’s 2Q income up as losses were lower than forecast

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ArcelorMittal recorded an income tax expense of $197 million for 2Q 2017 as compared to an income tax expense of $283 million for 1Q 2017 largely reflecting lower results in countries where no tax losses are available or tax losses are recognized.

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It had operating income, which excludes certain one-time gains and losses, of $1.01 a share, down from the $1.12 in the same period last year.

$326.6 million last year. Lower results for both periods were primarily due to higher losses on lease residual values, less -favorable financing spreads and a higher provision for credit losses. Results for the first six months were also affected by the unfavorable effects of foreign-currency exchange translation.

Net income was 4.0 billion (down 15.7%)-short of the previously forecast 4.7 billion-due to a 984 million extraordinary loss tied to the withdrawal of subsidiaries from enrollment in an employees’ pension fund. The extraordinary loss had not been factored into forecasts made at the beginning of the fiscal year.

Net operating income increased primarily due to higher fee and investment income, partially offset by higher expenses. net earned premiums, fees and other income was up, driven mainly by increased volume in Canada. Face sales totaled $239.0 million, down from $245.6 million in second quarter 2016, reflecting lower volumes of final need policies.

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2Q net sales, operating income, ordinary income, and net income increased greatly in comparison to 1Q. However, business performance forecasts for 1H were revised as actual 1H operating income was to diverge by more than 30% from the previous operating income forecast of 16 billion yen, and 2Q results were not enough to

FY2015 2nd Quarter Financial Results FY2015 2nd Quarter Financial Results. 1) Overview of 2nd Quarter financial results. Company unable to make up losses from. Production lower than forecast. 2) Delayed reduction in labor costs. 3) Increased costs for support of.

Private Mortgage Insurance Company Results and News: Solid 2nd Quarter. The company had lower incurred losses in the U.S., which is nice.. Operating trends were better than estimates.

Lower results for both periods were primarily due to higher losses. "Although our forecast calls for lower results this year in light of ongoing market pressures, Deere is continuing to perform at a much higher level than in previous. be flat to up 5 percent for 2016. Deere sales are.