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Article: Intermec Reports Third Quarter 2009 Results.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Intermec, Inc. (NYSE:IN) announced financial results for its third quarter, which ended September 27, 2009.
Third quarter 2009 revenues were $159 million and net earnings of $0.1 million, or $0.00 per diluted share, compared to 2008 third quarter revenues of $234 million and net earnings of $11.0 million, or $0.18 per diluted share.
"Intermec delivered above guidance on earnings and strong cash flow in the quarter," said Patrick J. Byrne, Intermec President and CEO, "With our recently introduced new products, expanded channel, and lower break even point, we believe we are well positioned for strong operating leverage when the markets recover more fully." ...