RiskMetrics Group Inc.'s (RMG) third-quarter GAAP net income rose 23.9% to $7.78 million from $6.28 million last year. GAAP earnings per share for the third quarter of 2009 was $0.11, up from $0.09 in the prior year.
Adjusted net income for the quarter grew 19.1% to $13.03 million from $10.94 million in the previous year. Adjusted earnings per share, excluding amortization of intangibles, one-time costs, and stock-based compensation, for the quarter was $0.19, up from $0.16 in the prior year. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $0.09 for the quarter. Analysts' estimate typically excludes one-time items.
Total revenues for the third quarter ended September 30, 2009 decreased 2.1% to $73.98 million from $75.55 million in the comparable period. Seven analysts estimated revenues of $74.22 million for the quarter.
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