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DJCO Daily Journal News Story

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TechnologyBalancedMid CapFalling Star

Daily Journal's Q2 revenue rises 25% on technology growth

Overview

US publishing and technology firm's fiscal Q2 revenue grew 25% yr/yr, driven by Journal Technologies

Income from operations improved significantly, reflecting operating leverage in technology segment

Net loss for the quarter resulted from unrealized losses on marketable securities

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

JTI REVENUE GROWTH - Co said Journal Technologies revenue rose 32% yr/yr, driven by higher e-filing and public service fees, recurring license and maintenance revenues, and increased consulting activity

OPERATING LEVERAGE - Co said improved income from operations reflected operating leverage as technology business scaled

Company press release: ID:nGNX8bN3Lm

Key Details

MetricBeat/MissActualConsensus Estimate
H1 Revenue$42.30 mln
H1 EPS-$30.93
H1 Net Income-$42.60 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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