(RTTNews) -  Monday, Hillenbrand Inc. (HI: News ) reported second-quarter net income of $27.8 million or $0.45 per share, compared to $23.3 million or $0.37 per share in the same quarter last year.

Excluding costs, net income was $28.6 million, down 17.1% from $34.5 million in the prior year quarter.

On average, three analysts polled by Thomson Reuters expected the company to earn $0.45 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues declined 10.8% to $170.8 million from $191.4 million in the comparable quarter last year. Analysts expected the company to report revenue of $170.80 million.

Looking ahead to the full year 2009, the company reaffirmed its guidance and now expects to report revenue in the range of $650 million - $670 million with net income of $97 million - $105 million or $1.57 - $1.70 per share. Excluding costs, net income is expected to be in the range of $101 million - $109 million or $1.65 - $1.78 per share. Analysts currently anticipate the company to earn $1.65 per share on revenue of $659.15 million.

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by RTT Staff Writer

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