Daily Journal Q3 revenue rises on technology growth
Daily Journal Q3 revenue rises on technology growth
Overview
US publishing and technology firm's fiscal Q3 revenue grew 15% yr/yr, driven by Journal Technologies
Income from operations rose in Q3, reflecting operating leverage in the technology business
Company posted a net loss in Q3, mainly due to unrealized losses on marketable securities
Outlook
Company did not provide specific guidance for future quarters or the full year
Result Drivers
TECHNOLOGY REVENUE GROWTH - Journal Technologies revenue rose 19.5% yr/yr, driven by expansion of e-filing and public service fees, higher recurring license and maintenance revenues, and increased consulting activity
OPERATING LEVERAGE - Income from operations improved due to scaling of technology business
MARKETABLE SECURITIES IMPACT - Net loss driven by unrealized losses on investment portfolio, reflecting broad market movements
Company press release: ID:nGNX1GLt7F
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M Revenue |
| $69.2 mln |
|
9M Loss Per Share |
| $38.84 |
|
9M Net Loss |
| $53.5 mln |
|
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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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