| Ambac Financial Group, Inc. (OTC: ABKFQ) (Ambac) today announced a third quarter 2011 net loss of $75.5 million, or a net loss of $0.25 per share. This compares to third quarter 2010 net income of $76.0 million, or net income of $0.25 per share. Relative to third quarter 2010, third quarter 2011 results were primarily driven by derivative product losses, a decline in other (loss) income, and a higher provision for income taxes, partially offset by lower net loss and loss expenses. As previously ann...continued ABKFQ |
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