MBIA (NYSE:MBI) reported its Q4 earnings results on Wednesday, February 28, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
MBIA beat estimated earnings by 6.0%, reporting an EPS of $-0.16 versus an estimate of $-0.17.
Revenue was down $7.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $2.77 which was followed by a 9.0% drop in the share price the next day.
Here's a look at MBIA's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.15 | -0.16 | -0.42 | -0.31 |
| EPS Actual | -2.92 | -0.45 | -0.03 | 0.30 |
| Revenue Estimate | 6.93M | 7.67M | 7.77M | 6.00M |
| Revenue Actual | 8.00M | 28.00M | 10.00M | 16.00M |
To track all earnings releases for MBIA visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.