Ambac Financial Group Q4 2023 Adj EPS $0.32 Beats $(0.02) Estimate, Sales $75.50M Beat $66.56M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ambac Financial Group (AMBC) reported Q4 2023 adjusted EPS of $0.32, surpassing the $(0.02) estimate, with sales of $75.50M beating the $66.56M estimate, a 65.54% decrease from last year's $219.10M.
February 27, 2024 | 10:24 pm
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Ambac Financial Group's Q4 2023 earnings exceeded expectations with an adjusted EPS of $0.32 against an expected $(0.02) and sales of $75.50M against an expected $66.56M.
The significant beat on both earnings per share and sales estimates, especially with a 1700% beat on the EPS estimate, is likely to positively impact investor sentiment and the stock price in the short term. However, the notable year-over-year decrease in sales might temper some of the positive momentum.
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