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Article: Ambac Financial Group, Inc. Announces Third Quarter Net Income of $213.5 Million, up 22%.

Article from:
Business Wire
Article date:
October 25, 2006
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Third Quarter Net Income Per Diluted Share of $1.98, up 23%

Third Quarter Credit Enhancement Production((1)) $216.2 million, down 16%

NEW YORK -- Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced third quarter 2006 net income of $213.5 million, or $1.98 per diluted share. This represents a 22% increase from third quarter 2005 net income of $175.1 million, and a 23% increase in net income per diluted share from $1.61 in the third quarter of 2005.

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 ... 







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