Ambac Financial Group Q3 2023 Adj EPS $2.00 Beats $(0.18) Estimate, Sales $74.00M Beat $60.87M Estimate
Portfolio Pulse from vinayak@benzinga.com
Ambac Financial Group (NYSE:AMBC) reported Q3 2023 earnings of $2.00 per share, beating the analyst consensus estimate of $(0.18) by 1211.11 percent. However, this is a 72.86 percent decrease from the same period last year. The company also reported quarterly sales of $74.00 million, beating the analyst consensus estimate of $60.87 million by 21.57 percent, but this is a 7.62 percent decrease from the same period last year.

November 07, 2023 | 10:09 pm
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Ambac Financial Group's Q3 2023 earnings and sales beat estimates but decreased compared to the same period last year.
While Ambac Financial Group beat analyst estimates for Q3 2023 earnings and sales, the decrease compared to the same period last year may cause some concern among investors, potentially leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100