04:13 PM EST - Hemisphere GPS : reported first-quarter net earnings of $1.6 million U.S. or $0.03 U.S. per share, compared to $5.91 million U.S. or $0.11 U.S. per share in the year-ago quarter. Comprehensive loss for the quarter was $552,000 U.S., compared to an income of $2.27 million U.S. in the year-ago quarter. Sales for the quarter declined to $17.96 million U.S. from $25.91 million U.S. in the prior-year quarter. Looking ahead, the company predicts full year revenues of at least $60 million U.S. The company anticipates better year-over-year performance for the remainder of 2009. Hemisphere GPS
shares T.HEM are trading down $0.09 at $0.91.
