PURCHASE, N.Y. (AP) _ MBIA Inc. (MBI) on Monday reported a loss of $333 million in its first quarter.
The Purchase, New York-based company said it had a loss of $4.62 per share. Losses, adjusted for non-recurring costs, were 65 cents per share.
MBIA shares have decreased 22% since the beginning of the year. In the final minutes of trading on Monday, shares hit $7.23, a decline of 29% in the last 12 months.