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MBIA Inc. Q2 adjusted earnings Miss Estimates

Below are the earnings highlights for MBIA Inc. (MBI):

-Earnings: -$146 million in Q2 vs. -$1229 million in the same period last year.
-EPS: -$1.64 in Q2 vs. -$9.78 in the same period last year.
-Excluding items, MBIA Inc. reported adjusted earnings of -$51 million or -$0.58 per share for the period.
-Analysts projected -$0.34 per share
-Revenue: $12 million in Q2 vs. $72 million in the same period last year.

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