Genworth Financial (GNW +8%) continues sharply higher following earnings last night reflecting...

|About: Genworth Financial, Inc. (GNW)|By:, SA News Editor

Genworth Financial (GNW +8%) continues sharply higher following earnings last night reflecting improvement in the housing market: U.S. mortgage insurance operations posted a $38M loss, a $41M improvement from last year, and against total company earnings of $34M. On the earnings call, management says it expects to IPO its Australian mortgage unit before the end of fiscal 2013.