Ambac Financial reports Q3 EPS $2.00, consensus (2c)

Reports Q3 revenue $74M, one estimate $66.6M. Claude LeBlanc, CEO, stated, “Working with our Wisconsin regulator, the capital model for Ambac Assurance Corporation has been substantially completed. This has allowed us to finalize our internal evaluation of the strategic options I previously laid out for the legacy financial guarantee business, and as a result, we have appointed Moelis & Company along with other external advisors to actively discuss such strategic options with interested parties.”