MBIA Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 8 million compared to USD 17 million a year ago. Net loss was USD 185 million compared to USD 34 million a year ago. Basic loss per share from continuing operations was USD 3.93 compared to USD 0.68 a year ago. Diluted loss per share from continuing operations was USD 3.93 compared to USD 0.68 a year ago. Basic loss per share was USD 3.94 compared to USD 0.67 a year ago. Diluted loss per share was USD 3.94 compared to USD 0.67 a year ago.
For the nine months, revenue was USD 38 million compared to USD 97 million a year ago. Net loss was USD 353 million compared to USD 143 million a year ago. Basic loss per share from continuing operations was USD 7.1 compared to USD 2.88 a year ago. Diluted loss per share from continuing operations was USD 7.1 compared to USD 2.88 a year ago. Basic loss per share was USD 7.25 compared to USD 2.87 a year ago. Diluted loss per share was USD 7.25 compared to USD 2.87 a year ago.