MBIA (MBI) Reports Q3 Loss, Lags Revenue Estimates

MBIA (MBI) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -400.00%. A quarter ago, it was expected that this insurance and reinsurance company would post a loss of $0.08 per share when it actually produced a loss of $0.17, delivering a surprise of -112.5%.Over the last four quarters, t ...