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PMI posts positive earnings.
By Rick Jurgens, Contra Costa Times, Walnut Creek, Calif. Knight Ridder/Tribune Business News
Feb. 5--PMI Group Inc. of Walnut Creek posted net income of $80.5 million, or 79 cents a share, for the quarter that ended Dec. 31, just about the same as the $80.2 million, or 80 cents a share, net income posted a year ago.
Fourth-quarter revenue rose 9 percent, to $252.8 million from $232.7 million a year ago.
Chief Executive Roger Haughton said that in 2004 PMI overcame softness in the mortgage market and overall economy, "successfully rebounding from 2003."
The rebound masked big changes in the company's main business that collects …
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