MBIA: Q1 Earnings Snapshot
PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MBIA Inc. (MBI) on Thursday reported a loss of $86 million in its first quarter.
The Purchase, New York-based company said it had a loss of $1.84 per share. Losses, adjusted for one-time gains and costs, came to 52 cents per share.
The insurance and reinsurance company posted revenue of $13 million in the period. Its adjusted revenue was $32 million.
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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