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Value Line Q3 net income up

Value Line, an investment management firm, has reported net income of $8.4 million for the third quarter of fiscal 2008, an increase of 18% compared to a net income of $7.1 million for the corresponding period of fiscal 2007.

Operating income was $9.3 million for the quarter, an increase of 5% compared to $8.8 million for the same period in fiscal 2007.

For the nine-month period ended January 31, 2008, net income was $20.7 million, or $2.08 per share, an increase of 7% compared to $19.3 million, or $1.94 per share for the corresponding period of fiscal 2007. Operating income was $27.7 for the nine-month period, compared to $27.78 million for the same period in fiscal 2007.