Wednesday, April 25, 2007

Ambac first-quarter earnings fall

(Reuters) - NEW YORK, April 25 - Ambac Financial Group Inc., a bond insurer, said on Wednesday that first-quarter net income fell, hurt by declining investment income.

The Armonk, New York-based company said net income fell to $213.3 million, or $2.02 a share, from $221.1 million, or $2.06 a share, a year earlier.


Read more at Reuters.com Market News

No comments: