Wednesday evening, registered investment adviser U.S. Global Investors, Inc. (NASDAQ:GROW) announced financial earnings for the year ended June 30, 2008. The company reported net income of $10.84 million, or 71 cents per diluted share. This compares to net income of $6.41 million, or 42 cents per diluted share in the previous fiscal year. Revenue for 2008 was $56.04 million, down from $58.60 million in 2007. At the end of the year, U.S. Global Investors had approximately $5.4 billion dollars in assets. Shares of U.S. Global Investors were down 8.45 percent to $10.51 when the market closed.

Contact Chip Brian

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at www.TradeTheTrend.com/signup.html