Excellent numbers - BEAT!
Assured Guaranty Ltd. (AGO: News ) reported first quarter net income of $125.4 million or $0.67 per share, compared to $322.0 million or $1.69 per share in the prior year quarter.
Excluding items, net income for the quarter was $249.0 million or $1.33 per share, compared to $112.6 million or $0.59 per share a year-ago.
On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.86 per share. Analysts' estimates typically excludes special items.
Total revenues for the quarter were $254.1 million, compared to $667.3 million last year. Excluding items, total revenues for the quarter were $459.7 million, compared to $406.4 million in the same period a year-ago.
Five Wall Street analysts expected revenues of $367.47 million for the quarter.