MBIA (MBI) Reports Q4 Loss, Tops Revenue Estimates

MBIA (MBI) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -500%. A quarter ago, it was expected that this insurance and reinsurance company would post a loss of $0.05 per share when it actually produced a loss of $2.92, delivering a surprise of -5,740%.Over the last four quarters, the company has ...