MBIA (MBI) Reports Q4 Loss, Beats Revenue Estimates

MBIA (MBI) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to a loss of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -380.00%. A quarter ago, it was expected that this insurance and reinsurance company would post a loss of $0.03 per share when it actually produced a loss of $0.15, delivering a surprise of -400%.Over the last four quarters, the com ...