Investing.com - Ambac reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ambac announced earnings per share of $7.37 on revenue of $10.8M. Analysts polled by Investing.com anticipated EPS of $-0.75 on revenue of $6M.
Ambac shares are down 16% from the beginning of the year , still down 23.68% from its 52 week high of $17.86 set on Tuesday, November 9, 2021.
Ambac follows other major Financial sector earnings this month
Ambac's report follows an earnings missed by Berkshire Hathaway A on Saturday, who reported EPS of $-1,832 on revenue of $76.9B, compared to forecasts EPS of $4,518.39 on revenue of $74.9B.
JPMorgan had beat expectations on Friday, October 14, 2022 with third quarter EPS of $3.12 on revenue of $32.72B, compared to forecast for EPS of $2.92 on revenue of $32.13B.
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