MBIA (MBI) Tops Q2 EPS by 2c
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MBIA Inc. Reports Second Quarter 2015 Financial Results
August 4, 2015 4:05 PM EDTARMONK, 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 $19 million or $0.11 per diluted share for the second quarter of 2015 compared with Combined Operating Income of $2 million or $0.01 per diluted share for the second quarter of 2014. The improvement in Combined Operating Income for the three months ended June 30, 2015 compared with the same period of 2014 was driven primarily by a lower tax provision, as the 2014 quarter had a higher effective tax rate due... More
