Benzinga | Aug 5, 2021 05:04PM EDT

Ambac Financial Group Q2 EPS $(0.30) Beats $(0.53) Estimate, Sales $49.00M Miss $57.60M Estimate

Ambac Financial Group (NYSE:AMBC) reported quarterly losses of $(0.30) per share which beat the analyst consensus estimate of $(0.53) by 43.4 percent. This is a 42.31 percent increase over losses of $(0.52) per share from the same period last year. The company reported quarterly sales of $49.00 million which missed the analyst consensus estimate of $57.60 million by 14.93 percent. This is a 34.67 percent decrease over sales of $75.00 million the same period last year.