MBIA Inc. (MBI) revealed Loss for its second quarter that increased from the same period last year and missed the Street estimates.
The company's earnings came in at -$254 million, or -$5.34 per share. This compares with -$74 million, or -$1.46 per share, in last year's second quarter.
Excluding items, MBIA Inc. reported adjusted earnings of -$138 million or -$2.90 per share for the period.
Analysts on average had expected the company to earn -$0.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
MBIA Inc. earnings at a glance (GAAP) :
-Earnings (Q2): -$254 Mln. vs. -$74 Mln. last year.-EPS (Q2): -$5.34 vs. -$1.46 last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.