Valassis’ Cost Cutting Spikes Its Net Earning as Revenues Fall: Valassis announced financial results for the third quarter ended Sept. 30, 2012. Revenues totaled $523.8 million, compared to $528.4 million in the prior year quarter. Its net earnings were $36.7 million, an.an increase of 33.5 percent from $27.5 million in 2011.