|
|
Article: MBIA Inc. Reports 42 Percent Increase in First Nine Months Net Income Per Share.
- Article from:
- Business Wire
- Article date:
- November 4, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
ARMONK, N.Y.--(BUSINESS WIRE)--Nov. 4, 2003
MBIA Inc. (NYSE: MBI), the holding company for MBIA Insurance Corporation, reported today that diluted earnings per share increased 42 percent in the first nine months to $4.36 from $3.08 in last year's first nine months. Net income for the first nine months was $631.6 million compared with $457.7 million in the same period last year, a 38 percent increase.
Third quarter diluted earnings per share increased 19 percent to $1.31 from $1.10. Net income for the third quarter rose 17 percent to $190.4 million from $162.7 million in last year's third quarter.
Diluted earnings ...