Value Line Inc., which produces investment research publications and manages investments, said Friday its fiscal second-quarter net income rose 8 percent, helped by income from securities transactions.
Profit for the quarter that ended Oct. 31 rose 8 percent to $6.4 million, or 63 cents per share, from $5.9 million, or 59 cents per share, last year. Revenue rose 2 percent to $21.1 million from $20.7 million last year.
Income from securities transactions grew 37 percent to $885,000.
Shares rose $1.20 to $43.76.
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