A. H. Belo Corporation (AHC) saw its loss widen to $4.43 million, or $0.21 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $0.63 million, or $0.03 a share. On an adjusted basis, net loss for the quarter was $0.83 million, when compared with net profit $1.82 million in the last year period.
Revenue during the quarter went down marginally by 2.53 percent to $60.90 million from $62.48 million in the previous year period. Gross margin for the quarter expanded 1 basis points over the previous year period to 90.31 percent. Operating margin for the quarter stood at negative 6.79 percent as compared to a negative 2.85 percent for the previous year period.
Operating loss for the quarter was $4.14 million, compared with an operating loss of $1.78 million in the previous year period.
Jim Moroney, chairman, president and chief executive officer, said, "As I mentioned during the 2016 earnings calls, we continue to work to decrease our dependency on print related revenues. To that end, in the first quarter of 2017 we purchased the remaining interests in both DMV and Speakeasy. As you heard me say repeatedly last year, the growth in these companies, and their ability to provide ROI-based marketing solutions to our customers, has been exceptional. With the remaining acquisition of these companies now complete, we can resume looking for investments which complement our current suite of marketing services and improve our ability to earn our customers a return on their marketing investment with our company."
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