MBIA Inc. MBI today reported Adjusted Book Value per share of $36.11 as of September 30, 2010, compared with $35.76 as of June 30, 2010. Book value per share was $12.56 as of September 30, 2010.
The net loss to common shareholders for the third quarter of 2010 was $213 million, or $1.06 per share, compared with a net loss of $728 million, or $3.50 per share, in the third quarter of 2009.
The adjusted pre-tax loss, a non-GAAP measure, for the third quarter of 2010 was $68 million compared with an adjusted pre-tax loss of $446 million in the third quarter of 2009. The Company believes that ABV and adjusted pre-tax income provide investors with additional views of its operating performance in the quarter that management finds useful in measuring financial performance.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in