PURCHASE, N.Y. (AP) _ MBIA Inc. (MBI) on Monday reported a loss of $73 million in its first quarter.

On a per-share basis, the Purchase, New York-based company said it had a loss of $1.48. Losses, adjusted for non-recurring gains, were $1.94 per share.

The insurance and reinsurance company posted revenue of $40 million in the period.

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