2009-05-12 — housingwire.com
"Monoline bond insurer MBIA, Inc. posted a surprise profit for shareholders in Q109, despite ongoing issues in its structured finance portfolio. Analysts had largely expected a loss. The firm said it earned $696.7m, or $3.34 per share, during the first quarter, compared with a net loss of $2.4bn, or $12.92 per share, in the year-ago period."
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