In Q1 2009, PFCB announced revenue earnings of $309.8 million, about 1.3% higher than Q1 2008. However, PFCB's cost cutting initiatives led to the company's more than 38% jump in net income during the quarter which led to an almost 23% increase in its stock price. Because of this, PFCB slightly increased its full year 2009 earnings expectations to $1.45 to $1.50 EPS from continuing operations.