Ambac Financial Group Q1 2024 Adj EPS $0.82 Beats $0.09 Estimate, Sales $103.000M Up From $58.000M YoY
Portfolio Pulse from Benzinga Newsdesk
Ambac Financial Group (NYSE:AMBC) reported Q1 2024 adjusted EPS of $0.82, surpassing the $0.09 estimate, marking an 811.11% beat and a 373.33% increase from last year's losses of $(0.30) per share. Sales reached $103M, up 77.59% from $58M YoY.
May 06, 2024 | 8:35 pm
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Ambac Financial Group reported a significant beat on Q1 2024 earnings with an adjusted EPS of $0.82, far exceeding the $0.09 estimate, and a 77.59% increase in sales YoY.
The substantial beat on both earnings per share and sales growth significantly exceeds analyst expectations, indicating strong financial health and operational efficiency. Such positive results are likely to instill investor confidence, potentially leading to a short-term uptick in AMBC's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100