Primus Guaranty 2Q Loss/Shr 48c Vs EPS 24c >PRS

DOW JONES NEWSWIRES

Primus Guaranty Ltd. (PRS) on Tuesday reported a second-quarter loss of $21.5million, or 48 cents a share, compared with earnings of $10.7 million, or 24cents a share, a year earlier.

Revenue for the Bermuda-based provider of credit protection fell to a loss of $4.4 million from a positive $23.9 million last year.

Analysts polled by Thomson Financial expected average earnings of 33 cents ashare on revenue of $31.6 million.

Shares of Primus Guaranty closed down 49 cents, or 5.8%, at $8 on Monday.

-Abha Bhattarai; 201-938-5400; AskNewswires@dowjones.com.

(END) Dow Jones Newswires 08-07-07 0755ET Copyright (c) 2007 Dow Jones & Company, Inc.

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