NEW YORK, Sept. 14 /PRNewswire-FirstCall/ -- Value Line, Inc., (NASDAQ:VALU) reported results for its first fiscal quarter ended July 31, 2007. Shareholders' equity of $79,067,000 at July 31, 2007 was 24% higher than shareholders' equity of $63,571,000 at July 31, 2006. The Company's income from securities transactions of $701,000 for the first quarter ended July 31, 2007 was 18% above last year's. Total assets of $132,678,000 at July 31, 2007 were up 13% over total assets of $117,552,000 at July 31, 2006. Operating income of $8,965,000 for the three months ended July 31, 2007 was 9% below operating income of $9,869,000 last fiscal year. Net income for the first quarter ended July 31, 2007 of $5,943,000 or $0.60 per share was 5% below net income of $6,271,000 or $0.63 per share for the first quarter of the prior fiscal year.
Value Line, Inc. is a leading New York based publishing and investment management company. The Value Line Investment Survey is one of the most widely read independent investment publications. Value Line also produces and publishes other proprietary investment periodicals in both print and electronic formats. The Company also licenses some proprietary information, and provides investment management services to the Value Line family of no- load mutual funds and institutional and individual portfolios through its asset management division. For a detailed description of products and services, please visit http://www.valueline.com/.
Value Line, Inc. Consolidated Summary of Financial Results
(in thousands, except per share amounts)
For the three months
ended July 31,
2007 2006 Revenues $20,801 $21,391
Operating income $8,965 $9,869
Income from securities transactions, net $701 $593
Income before income taxes $9,666 $10,462
Net income $5,943 $6,271
Earnings per share, basic and fully diluted $0.60 $0.63
DATASOURCE: Value Line, Inc.
CONTACT: David T. Henigson, Vice President of Value Line, Inc., +1-212-907-1500 Web site: http://www.valueline.com/
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