HRG GROUP (HRG) saw its loss widen to $82.10 million, or $0.41 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $24.70 million, or $0.12 a share.
Revenue during the quarter dropped 4.04 percent to $1,216.10 million from $1,267.30 million in the previous year period. Gross margin for the quarter expanded 80 basis points over the previous year period to 38.52 percent. Total expenses were 88.20 percent of quarterly revenues, down from 88.76 percent for the same period last year. This has led to an improvement of 56 basis points in operating margin to 11.80 percent.
Operating income for the quarter was $143.50 million, compared with $142.50 million in the previous year period.
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