Ambac (AMBC) Misses Q1 EPS by 4c

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Go back to Ambac (AMBC) Misses Q1 EPS by 4c

Ambac Announces First Quarter 2019 Results

May 9, 2019 4:40 PM EDT

Significant de-risking during the quarter resulted in a 5.2% decline in insured net par exposure and a 6.5% decline in Adversely Classified and Watch List CreditsNet Loss of $43.2 million or $0.94 per diluted share and Adjusted Loss(1) of $9.2 million or $0.20 per diluted share for the Quarter Ended March 31, 2019Book Value per Share increased $0.51 to $35.63 and Adjusted Book Value per Share decreased $0.06 to $27.52 at March 31, 2019 from December 31, 2018

NEW YORK, May 09, 2019 (GLOBE NEWSWIRE) -- Ambac Financial Group, Inc. (Nasdaq: AMBC) ("Ambac"), a holding company whose subsidiaries,... More