Ambac Announces First Quarter 2016 Results

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Go back to Ambac Announces First Quarter 2016 Results

Ambac (AMBC) Reports Q1 EPS of $0.21

May 10, 2016 5:44 PM EDT

Ambac (NASDAQ: AMBC) reported Q1 EPS of $0.21 and operating EPS of $4.82.

Commenting on the first quarter 2016 results, Nader Tavakoli, President and Chief Executive Officer, said, "The substantial momentum we generated in 2015 across our strategies continued in the first quarter of 2016 with post-emergence records in quarterly purchases of Ambac distressed securities and adjusted book value per share, and a further 7% reduction in... More