As the earnings season continues, it could be a good time for investors to take a look into companies that announced their results recently, and one such company could be Bexil Corp. (OTC: BXLC). The company announced its financial results last Thursday.
The Performance
In the third fiscal quarter ended on September 30, 2024, the company reported net income to the tune of $1.75 million, which worked out to $2.87 per diluted share. That reflected a significant improvement on the net income of $0.03 million in the prior year quarter with diluted earnings per share of $0.04.
In the nine-month period ended on September 30, 2024, Bexil Corp. generated net income of around $3.18 million, which worked out to diluted earnings per share of $2.87. In the corresponding period in 2023, the company delivered net income of $1.27 million, which worked out to diluted earnings per share of $1.77.
Share Repurchase
In the news release released on November 7, Bexil Corp. also noted that, at its sole discretion, it also participated in the buying back of shares. However, it was also stated that if such repurchases do occur, then they would take place through a range of channels as decided by Bexil Corp.
