PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — MBIA Inc. (MBI) on Wednesday reported a loss of $138 million in its fourth quarter.

On a per-share basis, the Purchase, New York-based company said it had a loss of $2.94. Losses, adjusted for non-recurring costs and to account for discontinued operations, came to 16 cents per share.

For the year, the company reported a loss of $491 million, or $10.18 per share. Revenue was reported as $128 million.

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