Ambac Financial Group (AMBC) Reports Q2 Loss, Misses Revenue Estimates

Ambac Financial Group (AMBC) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of$ 0.24. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +8.33%. A quarter ago, it was expected that this bond insurer would post a loss of$ 0.07 per share when it actually produced a loss of $0.13, delivering a surprise of -85.71%.Over the last four quarters, the comp ...