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Triad Posts $150 Million Q1 Loss 

May 13, 2008By

Triad Guaranty Inc. [stock TGIC][/stock] said late Monday it swung to a huge first-quarter loss of $150 million, or a $10.09/share loss, from net income of $17.3 million, or $1.16/share, last year. To say the quarterly loss missed estimates would be an understatement — analysts had expected a loss of $2.61/share, according to Thomson Financial.

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