Company did not provide specific guidance for future quarters or the full year
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
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
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
DJCO•
