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MBIA: 1Q Earnings Snapshot

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.


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