BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[MBIA reports a Q4 loss thanks to mortgage problems]]>http://www.bloggingstocks.com/2009/03/03/mbia-reports-a-fourth-quarter-loss-thanks-to-mortgage-problems/http://www.bloggingstocks.com/2009/03/03/mbia-reports-a-fourth-quarter-loss-thanks-to-mortgage-problems/http://www.bloggingstocks.com/2009/03/03/mbia-reports-a-fourth-quarter-loss-thanks-to-mortgage-problems/#commentsFiled under: ,

After the closing bell sounded yesterday afternoon, MBIA (NYSE: MBI) stepped into the spotlight to report fourth-quarter earnings. The struggling banking firm saw its fourth-quarter loss shrink to $1.2 billion, or $5.30 per share from last year's fourth-quarter loss of $18.55 per share.

This quarter's loss came courtesy of a $1.7-billion and a $532-million loss on insured derivatives. Both of these losses were logged pre-tax. The company's CEO Jay Brown blamed the rough 18-month period on the "worst credit crisis since the Great Depression." Last year was a rough year for MBIA, as the weak housing market lead to many homebuyers and homeowners defaulting on or lagging in their mortgage payments leading to a major problem for MBIA, which insures mortgage bonds. The problem for the banking firm is that the mortgage turmoil is expected to continue.

Continue reading MBIA reports a Q4 loss thanks to mortgage problems

MBIA reports a Q4 loss thanks to mortgage problems originally appeared on BloggingStocks on Tue, 03 Mar 2009 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>credit crunchCreditCrunchearningsearnings disappointmentEarningsDisappointmenteconomic strugglesEconomicStrugglesinthenewsMBImortgage bondsMortgageBondsmortgagesTue, 03 Mar 2009 11:00:00 EST<![CDATA[First Solar (FSLR) reports stronger-than-expected earnings; shares tank]]>http://www.bloggingstocks.com/2009/02/25/first-solar-fslr-reports-stronger-than-expected-earnings-shar/http://www.bloggingstocks.com/2009/02/25/first-solar-fslr-reports-stronger-than-expected-earnings-shar/http://www.bloggingstocks.com/2009/02/25/first-solar-fslr-reports-stronger-than-expected-earnings-shar/#commentsFiled under: ,

Yesterday, solar firm First Solar (NASDAQ: FSLR) announced that its fourth-quarter profit more-than doubled in the face of declining demand for its products. Arizona-based FSLR raked in $1.61 per share in the fourth quarter, up from 77 cents per share a year earlier. The Street expected earnings of $1.30 per share.

Fourth-quarter sales increased to $433.7 million, far better than the expected $410.4 million. Full-year sales totaled $348.3 million, with earnings checking in at $4.24 per share.

Continue reading First Solar (FSLR) reports stronger-than-expected earnings; shares tank

First Solar (FSLR) reports stronger-than-expected earnings; shares tank originally appeared on BloggingStocks on Wed, 25 Feb 2009 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsearnings disappointmentsEarningsDisappointmentseconomic strugglesEconomicStrugglesfirst solarFirstSolarfslrinthenewssolarWed, 25 Feb 2009 09:00:00 EST