Ambac (AMBC) Reports Q1 EPS of $0.21

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Go back to Ambac (AMBC) Reports Q1 EPS of $0.21

Ambac Announces First Quarter 2016 Results

May 10, 2016 5:42 PM EDT

First Quarter 2016 Operating Earnings of $218.1 million or $4.82 per Diluted Share

First Quarter 2016 Net Income of $9.4 million or $0.21 per Diluted Share

Adjusted Book Value per Share Increased 17% to $29.10 and Book Value per Share Increased 4% to $38.73 at March 31, 2016 from December 31, 2015

Set Post-Emergence Quarterly Record by Purchasing $512 million in Market Value of Ambac Distressed Obligations

Commuted $387 million of Net Par Insured Distressed Student Loan Securities

NEW YORK, May 10, 2016 (GLOBE NEWSWIRE) -- Ambac... More