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Value Line, Inc. Announces First Quarter Earnings
NEW YORK, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Value Line, Inc., (NASDAQ: VALU) reported results for the first fiscal quarter ended July 31, 2022. During the
About this update from Value Line, Inc.
[{"type":"text","content":"NEW YORK, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Value Line, Inc., (NASDAQ: VALU) reported results for the first fiscal quarter ended July 31, 2022. During the three months ended July 31, 2022, the Company’s income from operations of $2,556,000 was 12.8% above income from operations of $2,265,000 during the three months ended July 31, 2021. For the three months ended July 31, 2022, operating expenses decreased 6.5% below those during the three months ended July 31, 2021. During the three months ended July 31, 2022, the Company’s net income of $4,458,000, or $0.47 per share, was 24.4% below net income of $5,897,000, or $0.62 per share, for the three months ended July 31, 2021 primarily because of the difference in unrealized investment gains/losses. Retained earnings at July 31, 2022, were $89,734,000, representing an increase of 2.4% over retained earnings at April 30, 2022. The Company’s liquid assets at July 31, 2022, were $58,530,000, a 1.2% increase over liquid assets at April 30, 2022. Shareholders’ equity reached $79,357,000 at July 31, 2022, a slight decrease from the shareholders’ equity of $79,645,000 at April 30, 2022, reflecting the Company’s repurchases of shares. During the three months ended July 31, 2022, there were 9,484,109 average common shares outstanding as compared to 9,560,009 average common shares outstanding during the three months ended July 31, 2021, also reflecting the Company’s repurchases of shares. The Company’s quarterly report on Form 10-Q has been filed with the SEC and is available on the Company’s website at https://www.valueline.com/About/InvestorRelation.aspx. Shareholders may receive a printed copy, free of charge upon request. Value Line, Inc. is a leading New York based provider of investment research. The Value Line Investment Survey is one of the most widely used sources of independent equity investment research. Value Line also publishes a range of proprietary investment research in both print and digital formats including research in the areas of Mutual Funds, ETFs and Options. Value Line’s acclaimed research also enables the Company to provide specialized products such as Value Line Select, Value Line Special Situations, Value Line Select: ETFs, Value Line Select: Dividend Income & Growth, The New Value Line ETFs Service, The Value Line M & A Service, The Value Line Information You Should...