PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MBIA Inc. (MBI) on Thursday reported a loss of $56 million in its third quarter.
On a per-share basis, the Purchase, New York-based company said it had a loss of $1.18. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to less than 1 cent on a per-share basis.
The insurance and reinsurance company posted revenue of $29 million in the period. Its adjusted revenue was $31 million.
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