Assured Guaranty Beats on Q4 Results

Shares of Assured Guaranty set an all-time high of $42.94 on Friday after the company reported late Thursday Q4 earnings and revenues that were better-than-expected.

After the close on Thursday, the insurance company reported non-GAAP EPS of $1.05, up from $0.92 last year, and above the Capital IQ consensus estimate of $0.68 per share.

On a GAAP basis, the company earned $1.49 per share, down from $3.03 per share for the same quarter last year.
Total revenue of $470 million fell from $775 million a year ago, but beat the estimated $271.2 million.
AGO last traded more than 2% higher at $42.31, near the high of its new 52-week range of $23.42 to $42.94.

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