LOS ANGELES (AP) _ Daily Journal Corp. (DJCO) on Monday reported a fiscal first-quarter loss of $21.5 million, after reporting a profit in the same period a year earlier.
The Los Angeles-based company said it had a loss of $15.60 per share. Earnings, adjusted for investment costs, came to 79 cents per share.
The newspaper publisher posted revenue of $10.4 million in the period.
Daily Journal shares have decreased 8 percent since the beginning of the year. The stock has dropped roughly 7 percent in the last 12 months.