Associated Capital Group, Inc (AC) swung to a net loss for the quarter ended Mar. 31, 2017. The company has made a net loss of $13.08 million, or $ 0.55 a share in the quarter, against a net profit of $1.59 million, or $0.06 a share in the last year period. Revenue during the quarter grew 10.41 percent to $4.99 million from $4.52 million in the previous year period. Operating margin for the quarter stood at negative 86.87 percent as compared to a negative 93.89 percent for the previous year period.
Operating loss for the quarter was $4.33 million, compared with an operating loss of $4.24 million in the previous year period.
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