MBIA Inc. Q4 Income Rises 310%

(RTTNews) - MBIA Inc. (MBI) released earnings for its fourth quarter that climbed from last year.

The company said its bottom line totaled $82 million, or $0.54 per share. This was up from $20 million, or $0.10 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.12 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 38.1% to $297 million. This was up from $215 million last year.

MBIA Inc. earnings at a glance:

-Earnings (Q4): $82 Mln. vs. $20 Mln. last year. -Earnings Growth (Y-o-Y): 310.0% -EPS (Q4): $0.54 vs. $0.10 last year. -EPS Growth (Y-o-Y): 440.0% -Analysts Estimate: $0.12 -Revenue (Q4): $297 Mln vs. $215 Mln last year. -Revenue Change (Y-o-Y): 38.1%