How does AC's Q3 earnings compare to previous quarters?
4/9/2025 07:10pm
**Associated Capital Group Inc.'s (AC) Q3 earnings show a decline in revenue and an increase in operating loss compared to Q2 2024**, with EPS remaining stable.
1. **Revenue Comparison**:
- Q3's total revenues are not available, but Q2 reported $2.6 million.
- This is a slight increase from $2.4 million in the same period of 2023.
2. **Operating Loss Before Management Fee**:
- Q3's operating loss before management fee is not available, but Q2 was $3.2 million.
- This is an increase from $2.9 million in Q2 2023.
3. **Net Investment and Other Non-Operating Income**:
- Q3's net investment and other non-operating income is not available, but Q2 was $7.3 million.
- This represents a decrease from $8.6 million in Q2 2023.
4. **Net Income**:
- Q3's net income is not available, but Q2 was $3.0 million.
- This is a decrease from $3.4 million in Q2 2023.
5. **Net Income Per Share - Diluted**:
- Q3's net income per share - diluted is not available, but Q2 was $0.14.
- This remains stable compared to Q2 2023.
6. **Book Value Per Share**:
- Q3's book value per share is not available, but Q2 ended at $42.87.
- This is an increase from $41.41 at Q2 2023.
In conclusion, while AC experienced a slight revenue increase and a stable EPS in Q3 compared to Q2, it faced challenges with an increased operating loss and a decrease in net investment income. The company's AUM also saw a decline from $1.55 billion in Q2 2023 to $1.36 billion at Q2 2024. These factors indicate a challenging period for AC in Q3.