03:54 PM EST - Transcontinental : announced that its fourth-quarter net income applicable to participating shares was $43.1 million, compared to a loss of $94.3 million in the year-ago quarter. On a per-participating-share basis, net income applicable to participating shares was $0.53, compared to a loss of $1.17 in the prior year quarter. Adjusted net income applicable to participating shares increased 12% to $53.7 million, from $47.9 million in the same quarter of last year. On a per-participating-share basis, adjusted net income applicable to participating shares grew 12% to $0.66 from $0.59 last year. Consolidated revenues for the quarter were $594 million down 9% from $653.3 million in the fourth quarter of 2008. Transcontinental
shares T.TCL.A are trading up $0.58 at $13.08.
