Educational Development Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2015
Net revenues for the nine months ended November 30, 2015, were a Company record of $46,668,800 when compared to $24,923,000 for the same nine month period last year, up 87%. Net earnings were $2,227,500 or $0.55 per basic and diluted share compared to $762,200 or $0.19 per basic and diluted share for the same period last year, an increase of 192%. Earnings before income taxes were $3,603,800 compared to $1,254,100 a year ago.