collectors universe (CLCT) Snapshot

Collectors Universe Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported net revenues of $14,488,000 compared to $13,082,000 a year ago. Operating income was $3,920,000 compared to $2,914,000 a year ago. Income before provision for income taxes was $3,928,000 compared to $2,940,000 a year ago. Income from continuing operations was $2,387,000 or $0.29 per diluted share compared to $1,731,000 or $0.22 per basic and diluted share a year ago. Net income was $2,380,000 or $0.29 per diluted share compared to $1,738,000 or $0.22 per basic and diluted share a year ago. For the nine months, the company reported net revenues of $35,313,000 compared to $36,626,000 a year ago. Operating income was $6,181,000 compared to $7,302,000 a year ago. Income before provision for income taxes was $6,260,000 compared to $7,365,000 a year ago. Income from continuing operations was $3,785,000 or $0.47 per basic and diluted share compared to $4,341,000 or $0.55 per diluted share a year ago. Net income was $3,747,000 or $0.46 per diluted share compared to $4,298,000 or $0.54 per basic and diluted share a year ago. Net cash used of $2.5 million for the nine months was comprised of cash generated from continuing operations of $6.5 million, offset by cash payments of $8.2 million of dividends to stockholders, $0.5 million for capital expenditures and $0.3 million used in its discontinued operations.

Collectors Universe Inc., Q3 2013 Earnings Call, May 08, 2013

Collectors Universe Inc. announced that they will report Q3, 2013 results at 5:00 PM, Eastern Standard Time on May 08, 2013