Ambac Reports First Quarter 2020 Results

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Go back to Ambac Reports First Quarter 2020 Results

Ambac (AMBC) Reports Much Wider Q1 Loss of $5.75/Share

May 11, 2020 4:37 PM EDT

Ambac (NASDAQ: AMBC) reported Q1 EPS of ($5.75), $5.22 worse than the analyst estimate of ($0.53).

Claude LeBlanc, President and Chief Executive Officer, stated, Our results for the first quarter of 2020 primarily reflect the sharp decline in interest rates and increase in financial market volatility stemming... More