MBIA (MBI) Tops Q3 EPS by 3c
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MBIA Inc. Reports Third Quarter 2015 Financial Results
November 4, 2015 4:17 PM ESTPURCHASE, N.Y.--(BUSINESS WIRE)-- MBIA Inc. (NYSE: MBI) (the Company) today reported Combined Operating Income (a non-GAAP measure defined in the attached Explanation of Non-GAAP Financial Measures) of $24 million or $0.15 per diluted share for the third quarter of 2015 compared with Combined Operating Income of $120 million or $0.63 per diluted share for the third quarter of 2014. The decline in Combined Operating Income for the three months ended September 30, 2015 compared with the same period of 2014 was driven primarily by the release of a $77 million tax reserve and the receipt of an $18 million recovery on... More
