By Chris Wack
Daily Journal shares were 10% lower, at $463.06, after the company said it swung to a fiscal first-quarter loss despite higher revenue.
The publishing and technology company said it had a quarterly loss of $8 million, or $5.79 a share, compared with earnings of $10.9 million, or $7.91 a share, in the same quarter last year.
Revenue for the quarter was $19.5 million, a 10% increase from last year's $17.7 million.
The company said the loss was primarily driven by net unrealized losses on marketable securities of $11.7 million, representing a pretax loss of $8.48 a share, compared with net unrealized gains of $13.4 million in the prior-year quarter, representing a pretax gain of $9.74 a share.
Daily Journal said its Journal Technologies subsidiary reported revenue of $15.2 million for quarter, a 12% increase over last year. This growth was primarily driven by increases in other public-service fees and license and maintenance fees, the company said. Its traditional business reported advertising and circulation revenues of $4.4 million, a 6% increase over last year.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 17, 2026 13:53 ET (18:53 GMT)
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