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Article: TSR, Inc. Reports Financial Results for the Quarter Ended February 28, 2009.(Financial report)
- Article from:
- Business Wire
- Article date:
- April 6, 2009
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HAUPPAUGE, N.Y. -- TSR, Inc., (Nasdaq:TSRI) a provider of computer programming consulting services, today announced financial results for the quarter ended February 28, 2009.
For the quarter ended February 28th, revenues decreased 21.4% from the same quarter last year to $9.8 million. Consolidated net income decreased 56.5% from the comparable period to $93,000. Additionally, earnings per share decreased from $0.05 to $0.02.
As announced last quarter, due to the continuing impact of the current economic environment, the Board has determined to suspend the payment of further dividends. The Board of Directors may reevaluate the Company's dividend policy ...