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发表于 2010-4-8 08:59 PM
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回复 5# 胡同儿串子
SAN FRANCISCO (MarketWatch) -- Ambac Financial Group Inc. reported quarterly net income of more than $500 million late Thursday, pushing shares of the struggling bond insurer up more than 50% in after-hours action.
Ambac /quotes/comstock/13*!abk/quotes/nls/abk (ABK 1.00, +0.36, +55.89%) said fourth-quarter net income was $558.1 million, or $1.93 a share. That compares to a net loss of $2.34 billion or $8.14 a share in the same period a year earlier.
The company said the improvement was mainly driven by a $472 million tax benefit and lower expenses from losses suffered by its main financial-guarantee business.
Total net loss and loss expenses were $385.4 million in the fourth quarter of 2009, down from $916.4 million in the final quarter of 2009, Ambac reported. |
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