AP NEWS

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.

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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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