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million, or 28 cents per dilutee share, from $3.5 or 63 cents a share a year earlier. Revenue fell to $33.2 million from $36.3 milliomn in 2008. For fiscal 2009, net income fell to $4.8 or 83 cents per diluted from $6.6 million, or $1.16 per share in 2008. Revenue fell to $113.5 million from $139.2 million a year The sole analyst who covers the companhyexpected fourth-quarter earnings of 21 centd per share and revenue of $26.u8 million, and fiscal 2009 earnings of 75 cents per share and revenuew of $107.1 million.
Officials at the Seattlew shipyard (NYSE: TOD) blamed the lower revenues on “lower new constructiomn volumes, lower Navy volumesw due to the lack of amajor (aircraft) carrier and the establishment of a $3.1 millio n reserve during fiscal year 2009 associated with questioned subcontractor costs incurred durinb our 2005 project on the Navy aircraf t carrier USS John C. Stennis.”
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