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Renaissance Learning, Inc. Announces Third Quarter 2009 Results; Orders and Revenue Increase, Earnings Double.

Publication: PR Newswire
Publication Date: 19-OCT-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
WISCONSIN RAPIDS, Wis., Oct. 19 /PRNewswire-FirstCall/ -- Renaissance Learning(TM), Inc. , a leading provider of technology to support personalized practice, differentiated instruction, and progress monitoring in reading, math, and writing for pre-K-12 schools and districts, today announced financial results for the quarter ended September 30, 2009. Revenues for the third quarter of 2009 were $31.8 million, an increase of 12.6% from third quarter 2008 revenues of $28.2 million. Net income was $5.2 million, or $.18 per share, compared to net income of $2.6 million, or $.09 per share, for the third quarter last year.

(Logo: http://www.newscom.com/cgi-bin/prnh/20001108/RENAISSANCELOGO)

Revenues for the nine-month period ended September 30, 2009 were $89.1 million, up 4.0% from 2008 revenues of $85.6 million. Net income was $13.2 million for the nine-month period ended September 30, 2009, up 55.4% from the prior year's net income of $8.5 million. Earnings per share for...

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