Assured Guaranty Ltd. (AGO) Thursday reported first-quarter loss of $144 million or $0.74 per share, down from $483 million or $2.65 per share in the comparable quarter last year.
Adjusted earnings for the quarter was $1.34 per share. On average, six analysts polled by Thomson Reuters expected the company to earn $0.68 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter were a negative $176 million, compared to a negative $362 million last year. Adjusted revenues for the quarter was $390 million. Analysts expected revenues of $213.80 million.
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