VALUE LINE, INC. ANNOUNCES THIRD QUARTER EARNINGS

New York, March 15, 2024 (GLOBE NEWSWIRE) -- Value Line, Inc., (NASDAQ: VALU) reported financial results for the third fiscal quarter ended January 31, 2024.

Retained earnings at January 31, 2024, were $102,292,000, an increase of 6.6% compared to retained earnings at April 30, 2023. Shareholders’ equity reached $89,246,000 at January 31, 2024, an increase of 6.7% from the shareholders’ equity of $83,673,000 as of April 30, 2023.

During the nine months ended January 31, 2024, the Company’s net income of $14,232,000, or $1.51 per share, was 1.4% above net income of $14,036,000, or $1.48 per share, for the nine months ended January 31, 2023.

During the three months ended January 31, 2024, the Company’s net income of $5,885,000, or $0.62 per share, was 12.2% above net income of $5,248,000, or $0.55 per share, for the three months ended January 31, 2023.

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 to the Company at the address above, Attn: Corporate Secretary.

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, The Value Line Special Situations Service, Value Line Select ETFs, Value Line Select: Dividend Income & Growth, The New Value Line ETFs Service, The Value Line M&A Service, Information You Should Know Wealth Newsletter, The Value Line Climate Change Investing Service and certain Value Line copyrights, distributed under agreements including certain proprietary ranking system information and other proprietary information used in third party products. 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.