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Article: Ambac Financial Group, Inc. Announces Fourth Quarter Net Income of $204.3 Million, up 8%; Fourth Quarter Net Income Per Diluted Share of $1.90, up 12%.
- Article from:
- Business Wire
- Article date:
- January 25, 2006
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NEW YORK -- Fourth Quarter Credit Enhancement Production(1) $395.8 million, up 15%
Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced fourth quarter 2005 net income of $204.3 million, or $1.90 per diluted share. This represents an 8% increase from fourth quarter 2004 net income of $188.8 million, and a 12% increase in net income per diluted share from $1.69 in the fourth quarter of 2004.
Net Income Per Diluted Share
Net income and net income per diluted share are computed in conformity with U.S. generally accepted accounting principles (GAAP). However, many research analysts and investors do not limit their analysis of our earnings ...