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Ambac: 3Q Earnings Snapshot

November 8, 2018

NEW YORK (AP) _ Ambac Financial Group Inc. (AMBC) on Wednesday reported a loss of $103.8 million in its third quarter.

On a per-share basis, the New York-based company said it had a loss of $2.27. Losses, adjusted for non-recurring costs, were $1.66 per share.

The bond insurer posted revenue of $134 million in the period.

Ambac shares have risen 31 percent since the beginning of the year. The stock has climbed 35 percent in the last 12 months.


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

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