Ambac: 2Q Earnings Snapshot
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.