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Collectors Universe fiscal Q3 profit climbs 21.4% YOY

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Collectors Universe fiscal Q3 profit climbs 21.4% YOY

Collectors Universe Inc. said its normalized net income for the fiscal third quarter ended March 31 amounted to 32 cents per share, an increase of 21.1% from 27 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.8 million, a gain of 21.4% from $2.3 million in the prior-year period.

The normalized profit margin increased to 15.9% from 14.2% in the year-earlier period.

Total revenue climbed 8.4% year over year to $17.3 million from $16.0 million, and total operating expenses grew 4.9% on an annual basis to $12.9 million from $12.3 million.

Reported net income grew 23.3% year over year to $2.7 million, or 32 cents per share, from $2.2 million, or 26 cents per share.