MBIA reports 3Q loss

PURCHASE, N.Y. (AP) _ MBIA Inc. (MBI) on Tuesday reported a third-quarter loss of $267 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Purchase, New York-based company said it had a loss of $2.17. Losses, adjusted for non-recurring costs, came to 92 cents per share.

The insurance and reinsurance company posted revenue of $33 million in the period.

MBIA shares have fallen 35 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $6.93, a decline of nearly 10 percent 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