COPPELL, Texas (AP) _ Mr. Cooper Group Inc. (COOP) on Friday reported fourth-quarter net income of $155 million.

The Coppell, Texas-based company said it had profit of $2.01 per share. Earnings, adjusted for non-recurring gains, were $1.53 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The reinsurance company posted revenue of $625 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $556.9 million.

For the year, the company reported profit of $1.45 billion, or $16.53 per share. Revenue was reported as $3.32 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COOP at https://www.zacks.com/ap/COOP

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News