11:43 AM EST - Paladin Labs Inc. : announced that its third-quarter net income was $2.6 million or $0.13 per share, compared to net income of $3.6 million or $0.24 per share for the same period last year. Revenues for the third quarter increased 28% to $28.4 million, from $22.2 million in the third quarter of 2008. For the nine-month period, net income was $33.3 million or $1.98 per share, compared to the net income of $7.7 million or $0.51 per share for the same period last year. Net income before extraordinary gain for period was $7.4 million or $0.44 per share compared to $7.7 million or $0.51 per share for the same period last year. Revenues for the period reached $80.4 million, an increase of 35% from $59.7 million for the same period last year. Paladin Labs Inc.
shares T.PLB are trading down $0.04 at $18.96.
