NEW YORK (AP) _ Ambac Financial Group Inc. (AMBC) on Wednesday reported second-quarter earnings of $4.3 million.

The New York-based company said it had profit of 9 cents per share. Earnings, adjusted for non-recurring costs, came to 78 cents per share.

The bond insurer posted revenue of $150.6 million in the period.

Ambac shares have increased 31 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.93, a rise of 6 percent in the last 12 months.


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