MBIA: Q1 Earnings Snapshot

PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MBIA Inc. (MBI) on Tuesday reported a loss of $93 million in its first quarter.

The Purchase, New York-based company said it had a loss of $1.86 per share. Losses, adjusted for non-recurring costs and to account for discontinued operations, came to 3 cents per share.

The insurance and reinsurance company posted revenue of $2 million in the period.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBI at https://www.zacks.com/ap/MBI

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