MBIA (NYSE:MBI) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
MBIA beat estimated earnings by 92.86%, reporting an EPS of $-0.03 versus an estimate of $-0.42.
Revenue was down $5.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.61 which was followed by a 11.17% drop in the share price the next day.
Here’s a look at MBIA’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.31 | -0.47 | -0.54 | |
| EPS Actual | 0.30 | -0.34 | -0.93 | -1.94 |
| Revenue Estimate | 6.00M | 9.00M | 10.00M | 10.80M |
| Revenue Actual | 16.00M | 24.00M | 11.00M | 15.00M |
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.
