Collectors Universe Inc. (CLCT) , an authenticator of collectibles, Thursday announced a rise in its fourth quarter profit, helped by a tax benefit and absence of impairment losses incurred last year.
Net income for the fourth quarter was $2.4 million or $0.31 per share, up from $1.1 million or $0.13 per share in the prior year.
Impairment losses were nil during the quarter compared to $1.4 million a year ago, and the company witnessed a tax benefit of $0.6 million during the quarter compared to a tax charge of $0.6 million a year ago.
Gross profit margin on service revenues during the quarter contracted to 59% from 62% a year ago.
Collectors Universe provides authentication and grading services to dealers of high-value coins, trading cards, and other items. During the quarter, its net revenues fell 4% to $11.73 million from $12.26 million in the year ago period, hurt by a 31 percent decrease in modern coin service revenues.
Shares of Collectors Universe closed at $14.29, down 15 cents or 1.04% on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.