MBIA Q3 Adj $(2.92) Misses $(0.15) Estimate, Sales $8.00M Beat $6.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
MBIA reported Q3 losses of $(2.92) per share, missing the analyst consensus estimate of $(0.15) by 1846.67%. This is a 758.82% decrease from the same period last year. However, the company's quarterly sales of $8.00 million beat the analyst consensus estimate of $6.93 million by 15.44%, despite being a 66.67% decrease from last year.
November 02, 2023 | 9:32 pm
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MBIA's Q3 earnings were significantly below expectations with losses of $(2.92) per share, a decrease of 758.82% YoY. Sales beat estimates but were down 66.67% YoY.
MBIA's Q3 earnings were significantly below analyst expectations, with losses per share missing estimates by a large margin. This is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term. Despite beating sales estimates, the YoY decrease in sales could also negatively impact the stock.
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