Ambac Financial Group Q2 2024 Adj. EPS $0.18 Beats $0.15 Estimate, Sales $105.000M Beat $73.300M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ambac Financial Group (NYSE:AMBC) reported Q2 2024 earnings of $0.18 per share, beating the analyst estimate of $0.15 by 20%. Sales were $105 million, surpassing the $73.3 million estimate by 43.25%. This represents a significant year-over-year increase in both earnings and sales.
August 05, 2024 | 8:45 pm
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Ambac Financial Group reported strong Q2 2024 results with earnings of $0.18 per share, beating estimates by 20%, and sales of $105 million, exceeding expectations by 43.25%. This indicates robust financial performance and significant year-over-year growth.
The significant beat on both earnings and sales estimates, along with strong year-over-year growth, is likely to positively impact AMBC's stock price in the short term. Investors will view this as a sign of robust financial health and operational efficiency.
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IMPORTANCE 90
RELEVANCE 100