MBIA (MBI) Reports Break-Even Earnings for Q3

MBIA (MBI) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $2.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this insurance and reinsurance company would post a loss of $0.09 per share when it actually produced a loss of $2.90, delivering a surprise of -3,122.22%.Over the last four quarters, the compa ...