Assured Guaranty (AGO) reported Q4 adjusted operating income Thursday of $1.27 per diluted share, down from $5.75 a year earlier.
Analysts polled by FactSet expected operating EPS of $1.36.
Revenue for the quarter ended Dec. 31 was $156 million, down from $327 million a year earlier.
Four analysts surveyed by FactSet expected $199.6 million.