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Article: MOCON Announces Third Quarter Sales and Net Income.(Financial report)
- Article from:
- Economics Week
- Article date:
- November 20, 2009
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MOCON, Inc. (Nasdaq:MOCO) reported its operating results for the quarter ended September 30, 2009.
Net sales for the third quarter 2009 were $6,601,000, a decrease of 11 percent compared to $7,429,000 for the third quarter 2008. Net income for the third quarter 2009 was $874,000, a 19 percent decrease compared to $1,082,000 for the third quarter 2008. Diluted net income per share was $0.16 in the third quarter 2009 compared to $0.19 for the same period in 2008. Nine-month sales were $19,194,000, a decrease of 14 percent compared to $22,270,000 for the first nine months of 2008. Net income and diluted net income per share were $1,788,000 and $0.32, respectively, ...