Value Line, Inc. Announces First Quarter Earnings

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NEW YORK, Sept. 13, 2017 (GLOBE NEWSWIRE) -- Value Line, Inc., (NASDAQ:VALU) reported results for the first fiscal quarter ended July 31, 2017. 

During the three months ended July 31, 2017, the Company’s net income of $2,215,000, or $0.23 per share, was $4,143,000 or 65.2% below net income of $6,358,000, or $0.65 per share, for the three months ended July 31, 2016.  Income from operations of $1,165,000 during the three months ended July 31, 2017 was $6,972,000 or 85.7% below income from operations of $8,137,000 during the three months ended July 31, 2016.  During the first quarter of fiscal 2017 both net income and income from operations included a pre-tax gain of $8,123,000 from the sale of the Company's operating facility for which it received net proceeds of $11,555,000 on July 29, 2016.  The decrease in income from operations was partially offset by a $1,222,000 decrease in depreciation and amortization expense in fiscal year 2018.

Shareholders’ equity of $38,373,000 at July 31, 2017 increased $519,000 compared to shareholders’ equity of $37,854,000 at April 30, 2017.  As of July 31, 2017, retained earnings and liquid assets were $39,653,000 and $24,019,000, respectively.  During the three months ended July 31, 2017 there were 9,709,580 average common shares outstanding as compared to 9,739,355 average common shares outstanding during the three months ended July 31, 2016.

The Company’s quarterly report on Form 10-Q has been filed with the SEC and is available on the Company’s website at .  Shareholders may receive a printed copy, free of charge upon request.

Value Line, Inc. is a leading New York based provider of investment research. 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, Options and Convertible securities.  Value Line’s acclaimed research also enables the Company to provide specialized products such as , distributed under copyright agreements for fees, including certain proprietary ranking system information and other proprietary information used in third party products.  Investment Management services are provided through its substantial non-controlling and non-voting interests in EULAV Asset Management, the investment advisor to The Value Line Family of Mutual Funds. Value Line’s products are available to individual investors by mail, at or through 1-800-VALUELINE or 1-800-535-9648, while institutional-level services for professional investors, advisers, corporate, academic, municipal and legal libraries are offered at , and at 1-800-531-1425. 

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 “believe”, “estimate”, “expect”, “anticipate”, “will”, “intend” and other similar or negative expressions, that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, as amended.  Actual results for Value Line, Inc. (“Value Line” or “the Company”) may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the following:

These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors which may involve external factors over which we may have no control or changes in our plans, strategies, objectives, expectations or intentions, which may happen at any time at our discretion, could also have material adverse effects on future results. Except as otherwise required to be disclosed in periodic reports required to be filed by public companies with the SEC pursuant to the SEC's rules, we have no duty to update these statements, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks and uncertainties, current plans, anticipated actions, and future financial conditions and results may differ from those expressed in any forward-looking information contained herein.

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Globe Newswire: 21:37 GMT Wednesday 13th September 2017

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