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Ambac Financial Posts $392M Loss In 1st Quarter
Stock quotes in this article:
ABK
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NEW YORK (AP) — Bond insurer Ambac Financial Group Inc. said Monday it lost $392.2 million in the first quarter, a narrower loss than the year before, in part due to a rise in value in credit derivatives.
Ambac lost $1.36 per share in the quarter that ended March 31. That compares to a loss of $1.66 billion, or $11.69 per share, a year earlier.
Analysts polled by Thomson Reuters had expected a loss of 93 cents per share. ...
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