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Stock impact report

Collectors Universe Reports Results for Q2, 2019

COLLECTORS UNIVERSE (CLCT) 
US:NASDAQ Investor Relations: investors.collectors.com/investor-relations
Company Research Source: GlobeNewswire
Revenues up 12% for the QuarterOperating Income up to $2.2 million versus $0.2 million in last year’s Q2 NEWPORT BEACH, Calif., Feb. 05, 2019 (GLOBE NEWSWIRE) -- Collectors Universe, Inc. (NASDAQ: CLCT), a leading provider of value-added authentication and grading services to dealers and collectors of collectibles, today announced financial results for its second quarter of fiscal year 2019. Operational and Financial Highlights: In the second quarter, which is typically the seasonally slowest quarter of the year, revenues were $15.7 million and operating income was $2.2 million as compared to last year’s second quarter revenues of $14.1 million and operating income of $0.2 million. In addition to the 12% revenue increase, the improved operating income reflected a reduction of $0.8 million in operating expenses. Cash edged up to $12.4 million at December 31, 2018, from $12.2 million at September 30, 2018 and $8.7 million at December 31, 2017. The 12% increase in revenues in the qu Show less Read more
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