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After five consecutive quarters of losses it was reported today after the markets closed that MBIA (NYSE: MBI) earned $3.34 per share in the first quarter through March 31, 2009. This flies in the face of analysts expectations of a 33 cent loss.

The stock closed today at $6.96 but in after hours trading has been up over $8.00 as I type at 5:00 EST.

Continue reading Flash: MBIA on fire -- huge earnings news!

Flash: MBIA on fire -- huge earnings news! originally appeared on BloggingStocks on Mon, 11 May 2009 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>after market newsAfterMarketNewsLow PBlow PElow PSLowPbLowPeLowPsMBIMBIApositive earningsPositiveEarningsSheldon LiberSheldonLiberMon, 11 May 2009 18:00:00 EST