MBIA Q2 Adj $(2.90) Misses $(0.30) Estimate
Portfolio Pulse from Benzinga Newsdesk
MBIA (NYSE:MBI) reported a significant quarterly loss of $(2.90) per share, missing the analyst consensus estimate of $(0.30) by a wide margin. This represents a 544.44% increase in losses compared to the same period last year.
August 06, 2024 | 10:06 pm
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NEGATIVE IMPACT
MBIA reported a Q2 loss of $(2.90) per share, significantly missing the analyst consensus estimate of $(0.30). This marks a 544.44% increase in losses compared to the same period last year.
The significant miss on earnings estimates and the substantial increase in losses compared to the previous year are likely to negatively impact MBIA's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100