11:47 AM EST - Miranda Technologies Inc. : reported a plunge in third-quarter net income and comprehensive income to $1.07 million or C$0.05 per share from $7.75 million or $0.32 per share last year. Quarterly results were impacted by a restructuring charge of $400,000 related to ongoing productivity measures. Excluding this, net income was $1.3 million. Sales for the third quarter of 2009 decreased to $31.77 million from $37.65 million in the year-ago period. The company stated that it is still too early to predict a market recovery and it remains cautious about its short-term growth expectations. Miranda Technologies Inc.
shares T.MT are trading down $0.43 at $5.60.
