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
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
$42.30 mln
H1 EPS
-$30.93
H1 Net Income
-$42.60 mln
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(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.)