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Why MBIA Inc. Stock Just Jumped 10% [The Motley Fool]

MBIA (MBI)  More Company Research Source: The Motley Fool
US:NYSE Investor Relations: investor.mbia.com
PDF According to the analysts, at least, MBIA's massive loss was an earnings "beat." Rich Smith ( TMFDitty ) May 11, 2017 at 4:09PM What happened Shares of bond backer MBIA ( NYSE:MBI ) are up 10.2% as of 3 p.m. EDT. So what MBIA reported its fiscal Q1 2017 earnings this morning. The bond insurer booked a $0.55 per share loss for the quarter, narrower than its $0.58 per share loss one year ago. Moreover, stock watchers are reporting that the company's pro-forma performance worked out to $0.07 in profit , which was a penny better than Wall Street had been expecting to see. Thus, analysts are chalking this one up as an " earnings beat " for MBIA -- yes, even though MBIA lost money. MBIA said its book value increased from $23.87 per share to $24.73 over the past three months, and its adjusted book value grew from $31.88 to $33.69 per share. [Read more]

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