GeoEye, Inc. (NASDAQ: GEOY) has announced the Company's results for its fiscal third quarter ended September 30, 2009. Total revenues were US$79.9 million for the third quarter of 2009, a 123 percent increase from US$35.8 million for the third quarter of 2008. Net income for the third quarter of 2009 was US$12.5 million, or US$0.61 per fully diluted share, compared to net income of US$31.6 million, or US$1.57 per fully diluted share, for the third quarter of 2008. The 2008 third quarter earnings included a US$27.8 million non-recurring net tax benefit which amounted to US$1.38 per share of net income.

Revenues related to contracts with the U.S. Government, the Company's largest customer, were US$53.6 million for the third quarter of 2009, representing 67 percent of total revenues for the period. Domestic revenues were US$57.9 million for the third quarter of 2009, which were 72.5 percent of total revenues for the period. International revenues were US$22.0 million for the third quarter of 2009, which were 27.5 percent of total revenues for the period. Domestic revenues increased 186 percent for the third quarter of 2009 compared to the same period in 2008, and international revenues increased 41.3 percent for the third quarter of 2009 compared to the same period in 2008.

Operating profit for the third quarter of 2009 increased US$19.3 million from the third quarter of 2008 to US$27.7 million. The Company ended the third quarter of 2009 with unrestricted cash and cash equivalents of US$123.6 million, total assets of US$812.1 million, and stockholders' equity of US$257.6 million and long-term debt of US$248.0 million. To read the entire financial report, access this direct link.