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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.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMBC at https://www.zacks.com/ap/AMBC