Dec. 13 at 9:14 PM
$VALU
Earnings report:
Value Line (NASDAQ: VALU) reported strong financial results for Q2 FY2024. Net income reached
$5,685,000 (
$0.60 per share) for the quarter, up 63.0% from
$3,488,000 (
$0.37 per share) in Q2 FY2023. For the six-month period, net income was
$11,572,000 (
$1.23 per share), increasing 38.6% from
$8,347,000 (
$0.89 per share) year-over-year.
The company's revenues from non-voting interests in EAM grew significantly, reaching
$4,630,000 in Q2 (up 54.6%) and
$8,871,000 for the six months (up 51.6%). Investment performance improved substantially, with gains of
$1,186,000 in Q2 and
$2,895,000 for six months, compared to losses in the previous year. Retained earnings increased 5.7% to
$110,170,000, while shareholders' equity grew 6.5% to
$96,715,000.