Ambac Financial Group Third Quarter 2024 Earnings: US$0.63 loss per share (vs US$1.45 profit in 3Q 2023)

Ambac Financial Group (NYSE:AMBC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$116.0m (up 68% from 3Q 2023).
• Net loss: US$30.0m (down by 146% from US$66.0m profit in 3Q 2023).
• US$0.63 loss per share (down from US$1.45 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ambac Financial Group shares are up 7.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Ambac Financial Group (1 is a bit unpleasant!) that you need to be mindful of.

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