PURCHASE, N.Y. (AP) 鈥� PURCHASE, N.Y. (AP) 鈥� MBIA Inc. (MBI) on Thursday reported a loss of $40 million in its first quarter.
On a per-share basis, the Purchase, New York-based company said it had a loss of 80 cents. Losses, adjusted for non-recurring costs and to account for discontinued operations, came to 16 cents per share.
The insurance and reinsurance company posted revenue of $24 million in the period.
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