Ambac (AMBC) Tops Q2 EPS by 62c

Ambac (NASDAQ: AMBC) reported Q2 EPS of $1.54, may not compare, $0.62 better than the analyst estimate of $0.92. Revenue for the quarter came in at $172.85 million versus the consensus estimate of $127.75 million.

(emphasis Street Insider) CEO and President Claude LeBlanc commented "Looking toward the second half of the year, our focus will be on finalizing the transactions to conclude the rehabilitation of the Segregated Account; reducing and managing the adversely classified credits in our insured portfolio, including Puerto Rico; actively prosecuting our RMBS representation and warranty litigations; and progressing our strategic planning process."

For earnings history and earnings-related data on Ambac (AMBC) click here.

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