Assured Guaranty (AGO) Surges After Qtr Results
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Shares of Assured Guaranty Ltd. (NYSE: AGO) are surging 25 percent higher this morning after reporting results after the close.
Assured Guaranty reported adjusted EPS of $0.44, versus the consensus of $0.31. Sales were $388.5 million, versus the consensus of $337.6 million.
Commenting on the results, Piper Jaffray said, "Despite higher than expected L&LAE and incurred losses on credit derivatives, we believe credit performance remains highly manageable at this point; we reiterate our Overweight rating."
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