Value Line, Inc. Announces Second Quarter Earnings

New York, Dec. 13, 2019 (GLOBE NEWSWIRE) -- Value Line, Inc., (NASDAQ: VALU) reported results for the second fiscal quarter and first half ended October 31, 2019.

During the six months ended October 31, 2019, the Company’s income from operations of $4,654,000 represented an increase of $1,624,000, or 53.6% above income from operations of $3,030,000 during the six months ended October 31, 2018.  During the six months ended October 31, 2019, the Company’s net income of $7,901,000, or $0.82 per share, was $1,495,000, or 23.3%, above net income of $6,406,000 ($0.66 per share) for the six months ended October 31, 2018.

During the three months ended October 31, 2019, the Company’s income from operations of $2,629,000 was $869,000, or 49.4%, above income from operations of $1,760,000 during the three months ended October 31, 2018.  The Company’s net income of $4,211,000, or $0.44 per share, was $909,000, or 27.5%, above net income of $3,302,000 ($0.34 per share) for the three months ended October 31, 2018.  The largest factors in the increases in net income and income from operations during the three and six months ended October 31, 2019, compared to the prior fiscal year, were an increase in copyright fees, an increase from revenues and profits interests in EAM Trust, and well controlled overall expenses.

Shareholders’ equity reached $51,531,000 at October 31, 2019, an increase of $4,007,000, or 8.4%, over the shareholders’ equity of $47,524,000 at April 30, 2019.  As of October 31, 2019, and April 30, 2019, retained earnings were $52,636,000 and $48,598,000 respectively, an increase of $4,038,000 or 8.3%.

During the six months ended October 31, 2019, there were 9,658,734 average common shares outstanding as compared to 9,689,388 average common shares outstanding during the six months ended October 31, 2018. 

The Company’s quarterly report on Form 10-Q has been filed with the SEC and is available on the Company’s website at www.valueline.com/About/corporate_filings.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: Dividend Income & Growth, The New Value Line ETFs Service, and certain Value Line copyrights, distributed under agreements including certain proprietary ranking system information and other proprietary information used in third party products. Investment Advisory services are provided through its substantial non-voting interests in EULAV Asset Management, the investment advisor to The Value Line Family of Mutual Funds. Value Line’s products are available to individual investors by mail, at www.valueline.com or by calling 1-800-VALUELINE or 1-800-825-8354, while institutional-level services for professional investors, advisers, corporate, academic, and municipal libraries are offered at www.ValueLinePro.com, www.ValueLineLibrary.com and by calling 1-800-531-1425.