Bond insurer MBIA Inc. failed to match earnings expectations in the third quarter on Monday. The Armonk, N.Y.-based company reported a net loss to common shareholders of $727.8 million from July to September, or $3.50 per share.

The loss follows back-to-back quarterly gains but is broadly in line with results from the third quarter of 2008, when the insurer shed $806.5 million, or $3.42 per share.

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