Picture of US Global Investors logo

GROW — US Global Investors News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsBalancedMicro CapNeutral

U.S. Global Investors Q1 net income jumps 378% helped by investment income gains

Overview

U.S. Global Investors fiscal Q1 net income rises 378% yr/yr, driven by investment income

Company fiscal Q1 operating revenues up 15% from June qtr, 4% yr/yr

Fund flows into gold mining and natural resource funds turn positive

Result Drivers

INVESTMENT INCOME - Net income increase largely driven by investment income, which rose nearly 300% from the previous quarter

GOLD FUND FLOWS - Positive fund flows into gold mining and natural resource funds due to historic gold price surge

AUM SLIGHT INCREASE - Average AUM rose slightly from previous quarter but below year-ago levels

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Net Income$1.50 mln
Press Release: ID:nGNX89FWf5 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)

Recent news on US Global Investors

See all news