Daily Journal 2024 Earnings Up Y/Y, Journal Technologies Unit Aids

Zacks01-04

Shares of Daily Journal Corporation DJCO have gained 0.2% since the company reported its earnings for the fiscal year ended Sept. 30, 2024. This compares to the S&P 500 index’s 0.7% decline over the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2500174128?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-04 01:30","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2500174128","market":"us","top_or_hot":-1,"title":"Daily Journal 2024 Earnings Up Y/Y, Journal Technologies Unit Aids","media":"Zacks","content":"<div>\n<p>Shares of Daily Journal Corporation DJCO have gained 0.2% since the company reported its earnings for the fiscal year ended Sept. 30, 2024. This compares to the S&P 500 index’s 0.7% decline over the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/daily-journal-2024-earnings-y-173000150.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Daily Journal 2024 Earnings Up Y/Y, Journal Technologies Unit Aids</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDaily Journal 2024 Earnings Up Y/Y, Journal Technologies Unit Aids\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-04 01:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/daily-journal-2024-earnings-y-173000150.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Daily Journal Corporation DJCO have gained 0.2% since the company reported its earnings for the fiscal year ended Sept. 30, 2024. This compares to the S&P 500 index’s 0.7% decline over the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/daily-journal-2024-earnings-y-173000150.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DJCO","symbol_name":"每日期刊","start_time":0,"source_url":"https://finance.yahoo.com/news/daily-journal-2024-earnings-y-173000150.html","article_id":"2500174128","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500174128","pubTimestamp":1735925400,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Shares of Daily Journal Corporation DJCO have gained 0.2% since the company reported its earnings for the fiscal year ended Sept. 30, 2024. This compares to the S&P 500 index’s 0.7% decline over the same time frame. Over the past month, the stock has declined 4.9% compared with the S&P 500’s 3.1% decrease.Daily Journal's fiscal 2024 net income came in at $56.73 per share compared with $15.58 per share in fiscal 2023, reflecting a remarkable 264.1% rise. This significant improvement was largely attributed to increased non-operating income, primarily from realized and unrealized gains on marketable securities.Consolidated revenues grew 3.3% year over year to $69.9 million, up from $67.7 million in fiscal 2023. This increase was primarily driven by higher revenues from Journal Technologies’ license and maintenance fees and public service fees, partially offset by a decline in consulting fees.Net income surged to $78.1 million compared to $21.5 million in fiscal 2023.Stay up-to-date with a","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DJCO":"每日期刊"},"translate_title":"Daily Journal 2024年盈利同比增长，Journal Technologies部门提供帮助","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DJCO":1},"content_text":"Shares of Daily Journal Corporation DJCO have gained 0.2% since the company reported its earnings for the fiscal year ended Sept. 30, 2024. This compares to the S&P 500 index’s 0.7% decline over the same time frame. Over the past month, the stock has declined 4.9% compared with the S&P 500’s 3.1% decrease.\nDaily Journal's fiscal 2024 net income came in at $56.73 per share compared with $15.58 per share in fiscal 2023, reflecting a remarkable 264.1% rise. This significant improvement was largely attributed to increased non-operating income, primarily from realized and unrealized gains on marketable securities.\nConsolidated revenues grew 3.3% year over year to $69.9 million, up from $67.7 million in fiscal 2023. This increase was primarily driven by higher revenues from Journal Technologies’ license and maintenance fees and public service fees, partially offset by a decline in consulting fees. \nNet income surged to $78.1 million compared to $21.5 million in fiscal 2023.\nStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\n\nDaily Journal Corporation Price, Consensus and EPS Surprise\n  \nDaily Journal Corporation price-consensus-eps-surprise-chart | Daily Journal Corp. Corporation Quote\n\nOther Key Business Metrics\nRevenues from Journal Technologies rose in fiscal 2024, offsetting a $4.7 million drop in consulting fees. However, the segment’s pretax income declined to $2.5 million from $5 million due to higher operating expenses. These costs stemmed from increased personnel costs, contractor services, and third-party hosting fees billed to clients.\nThe company’s Traditional Business segment saw a modest increase in advertising revenues and service fees, but pretax income declined $0.1 million year over year, primarily due to higher promotional and operational expenses.\nAt fiscal year-end, the company’s marketable securities portfolio was valued at $358.7 million, including $219.6 million in net pretax unrealized gains. A notable financial move during the year was the sale of $40.6 million worth of securities, generating net gains of $14.3 million. Proceeds were used to reduce the margin loan balance to $27.5 million from $75 million at the previous year-end.\nManagement Commentary\nManagement attributed fiscal 2024’s robust performance to strategic financial decisions and efforts to optimize operations across segments. The reduction in margin loan debt exemplifies a disciplined approach to balance sheet management, positioning the company for future financial stability. However, the rise in operating costs underscores the challenges associated with expanding the Journal Technologies segment.\nFactors Influencing the Headline Numbers\nNon-operating income played a pivotal role in the company’s performance, surging by $78.8 million to $100.2 million. Gains on marketable securities were the primary driver, recording $96.1 million in realized and unrealized gains compared to $17.5 million in fiscal 2023. However, dividend and interest income fell by $1.2 million, partially offsetting these gains.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nDaily Journal Corp. (S.C.) (DJCO): Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2500174128"}