Why Daily Journal Stock Is Sliding Even After a 25% Revenue Jump
Daily Journal Corp. shares fell 0.4% to $462.36 in Thursday afternoon Nasdaq trading, extending a two-day slide after reporting a $34.6 million quarterly net loss tied to $51.2 million in unrealized investment losses. Revenue rose 25% to $22.7 million, led by Journal Technologies. Trading volume was about 38,900 shares, with a market value near $637 million. The stock remained below its May 14 close after results were released.