{"id":537697,"date":"2021-09-13T17:52:42","date_gmt":"2021-09-13T21:52:42","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/value-line-inc-announces-first-quarter-earnings\/"},"modified":"2021-09-13T17:52:42","modified_gmt":"2021-09-13T21:52:42","slug":"value-line-inc-announces-first-quarter-earnings","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/value-line-inc-announces-first-quarter-earnings\/","title":{"rendered":"VALUE LINE, INC. ANNOUNCES FIRST QUARTER EARNINGS"},"content":{"rendered":"
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NEW YORK, Sept. 13, 2021 (GLOBE NEWSWIRE) — Value Line, Inc., (NASDAQ: VALU)<\/u> reported results for the first fiscal quarter ended July 31, 2021.<\/p>\n

During the three months ended July 31, 2021, the Company\u2019s net income of $5,897,000, or $0.62 per share, was 11.8% above net income of $5,274,000, or $0.55 per share, for the three months ended July 31, 2020. During the three months ended July 31, 2021, the Company\u2019s income from operations of $2,265,000 was 1.8% above income from operations of $2,226,000 during the three months ended July 31, 2020. For the three months ended July 31, 2021, operating expenses decreased 2.5% below those during the three months ended July 31, 2020. The largest factors in the increase in net income during the three months ended July 31, 2021, compared to the prior fiscal year, were an increase from revenues and profits interests in EAM Trust and well controlled expenses.<\/p>\n

Shareholders\u2019 equity reached $70,640,000 at July 31, 2021, an increase of 5.4% over the shareholders\u2019 equity of $67,013,000 at April 30, 2021. Retained earnings at July 31, 2021, were $76,296,000, representing an increase of 5.2% over retained earnings at April 30, 2021. The Company\u2019s liquid assets at July 31, 2021, were $50,914,000, a 12.3% increase over liquid assets at April 30, 2021.<\/p>\n

During the three months ended July 31, 2021, there were 9,559,992 average common shares outstanding as compared to 9,616,721 average common shares outstanding during the three months ended July 31, 2020.<\/p>\n

The Company\u2019s quarterly report on Form 10-Q has been filed with the SEC and is available on the Company\u2019s website at https:\/\/www.valueline.com\/About\/InvestorRelation.aspx<\/u><\/a>. Shareholders may receive a printed copy, free of charge upon request.<\/p>\n

Value Line, Inc. is a leading New York based provider of investment research. The Value Line Investment Survey <\/em><\/strong>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\u2019s 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 Know Wealth Newsletter, Value Line Climate Change Investing Service<\/em><\/strong> and certain Value Line copyrights, <\/em><\/strong>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\u2019s products are available to individual investors by mail, at www.valueline.com<\/u><\/a> 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<\/u><\/a>, www.ValueLineLibrary.com<\/u><\/a> and by calling 1-800-531-1425.<\/p>\n

\n Cautionary Statement Regarding Forward-Looking Information<\/strong>\n <\/p>\n

In this report, \u201cValue Line,\u201d \u201cwe,\u201d \u201cus,\u201d \u201cour\u201d refers to Value Line, Inc. and \u201cthe Company\u201d refers to Value Line and its subsidiaries unless the context otherwise requires.<\/p>\n

This report contains statements that are predictive in nature, depend upon or refer to future events or conditions (including certain projections and business trends) accompanied by such phrases as \u201cbelieve\u201d, \u201cestimate\u201d, \u201cexpect\u201d, \u201canticipate\u201d, \u201cwill\u201d, \u201cintend\u201d and other similar or negative expressions, that are \u201cforward-looking statements\u201d as defined in the Private Securities Litigation Reform Act of 1995, as amended. Actual results for the Company may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the following:<\/p>\n