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Article: TSR, Inc. Reports Financial Results for the Quarter and Fiscal Year Ended May 31, 2009 and Continues Suspension of Cash Dividends.
- Article from:
- Business Wire
- Article date:
- August 13, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HAUPPAUGE, N.Y. -- TSR, Inc., (Nasdaq:TSRI) a provider of computer programming consulting services, today announced financial results for the fourth quarter and fiscal year ended May 31, 2009.
For the quarter ended May 31st, revenues decreased 25.4% from the same quarter last year to $9.4 million. Consolidated net income decreased 60.6% from the comparable period to $93,000. Additionally, earnings per share decreased from $0.05 to $0.02.
For the full year, revenues decreased 17.2% from last year to $42.8 million. Consolidated net income decreased 51.3% from the prior period to $621,000. Additionally, earnings per share decreased from $0.28 to $0.15.
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