Consolidated net income was $7,840,000 and $7,672,000 for the fiscal year ended September 30, 2011 and 2010, respectively. Net income per share increased to $5.68 from $5.56.
|Pretax income (loss)||13,622,000||(1,622,000||)||12,000,000|
|Income tax benefit (expense)||(4,735,000||)||575,000||(4,160,000||)|
|Net income (loss)||8,887,000||(1,047,000||)||7,840,000|
|Pretax income (loss)||13,204,000||(932,000||)||12,272,000|
|Income tax benefit (expense)||(4,950,000||)||350,000||(4,600,000||)|
|Net income (loss)||8,254,000||(582,000||)||7,672,000|
Daily Journal Corporation’s Form 10-K for fiscal year ended September 30, 2011 is expected to be filed electronically with the Securities and Exchange Commission today. We invite your attention to the Form 10-K which contains our consolidated financial statements, management’s discussion and analysis of financial condition and results of operations and other information.This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain statements contained in this press release are “forward-looking” statements that involve risks and uncertainties that may cause actual future events or results to differ materially from those described in the forward-looking statements. Words such as “expects,” “intends,” “anticipates,” “should,” “believes,” “will,” “plans,” “estimates,” “may,” variations of such words and similar expressions are intended to identify such forward-looking statements. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to have been correct. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in documents we file with the Securities and Exchange Commission, including our Annual Report on Form 10-K we expect to file today for the fiscal year ended September 30, 2011.