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Article: A&B Reports 3rd Quarter 2009 Net Income of $8.5 Million.(Financial report)
- Article from:
- Business Wire
- Article date:
- October 29, 2009
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Earnings Benefit from Ocean Transportation Gains and Cost Cutting Initiatives
HONOLULU -- Alexander & Baldwin, Inc. (NYSE:ALEX) today reported that net income for the third quarter of 2009 was $8.5 million, or $0.21 per diluted share. Net income in the third quarter of 2008 was $36.8 million, or $0.89 per diluted share. Revenue in the third quarter of 2009 was $375.9 million, compared to revenue of $456.2 million in the third quarter of 2008.
Net income for the first nine months of 2009 was $24.1 million, or $0.59 per diluted share. Net income in the first nine months of 2008 was $108.5 million, or $2.61 per diluted share. Revenue for the first nine ...