Summary by Moomoo AI
MBIA Inc. reported a net loss from continuing operations of $51 million for the third quarter of 2024, compared to a net loss of $185 million for the same period in 2023. The net loss from discontinued operations attributable to MBIA Inc. was $5 million for the quarter, with a total net loss attributable to MBIA Inc. of $56 million. Basic and diluted earnings per share for continuing operations were $(1.08), and net income (loss) per share attributable to MBIA Inc. was $(1.18). The company's total revenues for the quarter were $29 million, a significant increase from $8 million in the third quarter of 2023. Total expenses decreased to $80 million from $193 million in the same period last year. MBIA Inc.'s business developments included a restructuring support agreement with the...Show More