MBIA Inc. Q2 Loss Increases, Misses Estimates

(RTTNews) - MBIA Inc. (MBI) revealed Loss for its second quarter that increased from the same period last year and missed the Street estimates.

The company's earnings came in at -$254 million, or -$5.34 per share. This compares with -$74 million, or -$1.46 per share, in last year's second quarter.

Excluding items, MBIA Inc. reported adjusted earnings of -$138 million or -$2.90 per share for the period.

Analysts on average had expected the company to earn -$0.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

MBIA Inc. earnings at a glance (GAAP) :

-Earnings (Q2): -$254 Mln. vs. -$74 Mln. last year. -EPS (Q2): -$5.34 vs. -$1.46 last year.