Collectors Universe, Inc. swings to a fiscal Q4 loss
Published September 15th, 2007
Collectors Universe, Inc. (Nasdaq: CLCT), which provides authentication and grading services to dealers and collectors of high-value collectibles, diamonds and colored gemstones, reported that it swung to a net loss for its fiscal fourth quarter.
For the three months ended June 30, the Newport Beach, Calif.-based company recorded a net loss of $0.10 per diluted share, compared with net income of $0.10 per diluted share for the fourth fiscal quarter of 2006. Four analysts polled by Thomson Financial were expecting a profit of $0.02 per share.
Net revenues were $10.7, compared with $10.6 million for the same quarter last year. Three analysts polled by Thomson Financial were expecting revenues of $11.63 million.
Shares of Collectors Universe were halted ahead of the opening bell.
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