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Article: Martek Releases 3Q 2009 Financial Results.
- Article from:
- Food & Beverage Close-Up
- Article date:
- September 5, 2009
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Martek Biosciences Corp. announced its financial results for the third quarter of fiscal 2009.
In a release on September 2, the Company noted that revenues for the third quarter were $77.8 million, down 12 percent from $88.4 million in the third quarter of fiscal 2008.
Net income was $8.9 million, or $0.27 per diluted share, for the third quarter of fiscal 2009, a 4 percent decrease compared with $9.3 million, or $0.28 per diluted share, in last year's third quarter.
Commenting on the quarter, Chief Executive Officer Steve Dubin said, "Martek's third quarter 2009 financial results benefited from a 41 percent quarter over quarter increase in ...