Ambac reports 3Q loss

NEW YORK (AP) _ Ambac Financial Group Inc. (AMBC) on Wednesday reported a third-quarter loss of $190.9 million, after reporting a profit in the same period a year earlier.

The New York-based company said it had a loss of $4.20 per share. Losses, adjusted for non-recurring costs, were $3.30 per share.

The bond insurer posted revenue of $133 million in the period.

Ambac shares have fallen 29 percent since the beginning of the year. The stock has declined 22 percent in the last 12 months.

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