Ambac (AMBC) Tops Q2 EPS by 35c

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Go back to Ambac (AMBC) Tops Q2 EPS by 35c

Ambac Announces Second Quarter 2018 Results

August 8, 2018 5:00 PM EDT

Net Income of $4.3 million or $0.09 per Diluted Share and Adjusted Earnings1 of $36.5 million or $0.78 per Diluted Share for the Quarter Ended June 30, 2018Book Value per Share decreased $1.00 to $39.70 and Adjusted Book Value1 per Share decreased $0.72 to $30.84 at June 30, 2018 from March 31, 2018Key strategic priorities executed during the quarter include Capital structure simplified and material discount captured through execution of AMPS exchangeAdversely Classified Credits reduced by $0.8 billion or 6.5% to $11.8 billion and significant... More