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Associated Capital: Q2 Earnings Snapshot

August 3, 2022 GMT

GREENWICH, Conn. (AP) _ Associated Capital Group Inc. (AC) on Wednesday reported a second-quarter loss of $29.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Greenwich, Connecticut-based company said it had a loss of $1.36.

The asset manager posted revenue of $2.5 million in the period.

Associated Capital shares have decreased 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.70, a climb of nearly 9% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AC at https://www.zacks.com/ap/AC