Ambac: Q3 Earnings Snapshot
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NEW YORK (AP) — NEW YORK (AP) — Ambac Financial Group Inc. (AMBC) on Tuesday reported third-quarter profit of $66 million.
On a per-share basis, the New York-based company said it had profit of $1.41. Earnings, adjusted for non-recurring costs, were $2 per share.
The bond insurer posted revenue of $74 million in the period.
Ambac shares have decreased 28% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.48, a drop of slightly more than 6% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMBC at https://www.zacks.com/ap/AMBC
