Assured Guaranty LTD. - AGO
Assured Guaranty LTD. (AGO) reported a third-quarter net loss of $35 million, or 22 cents a share, late Monday. That compared to a net loss of $63.3 million, or 69 cents a share, in the year-earlier period. Operating earnings, which exclude net realized investment gains and losses and other items, came in at $70.1 million, or 44 cents a share, up from third-quarter 2008 operating income of $26 million, or 28 share, the bond insurer said. In early trading the company rose to $28.14 before selling off, Assured still held onto most the day’s gain currently trading over 20% above yesterday’s close.
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