MBIA Q2 EPS $(0.45) Misses $(0.16) Estimate
Portfolio Pulse from Benzinga Newsdesk
MBIA reported Q2 losses of $(0.45) per share, missing the analyst consensus estimate of $(0.16) by 181.25 percent. This is a 51.61 percent increase over losses of $(0.93) per share from the same period last year.
August 04, 2023 | 12:26 pm
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NEGATIVE IMPACT
MBIA's Q2 earnings missed analyst estimates by a significant margin, which could negatively impact the stock price in the short term.
MBIA's Q2 earnings were significantly below analyst estimates. This negative surprise could lead to a decrease in the stock price as investors adjust their expectations for the company's future profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100