Steiner Leisure Limited (STNR) has announced financial results for the third quarter and nine months ended September 30, 2008.

Steiner Leisure’s revenues for the third quarter ended September 30, 2008 rose 3.0% to $144.7 million from $140.4 million during the comparable quarter in 2007. Net income for the third quarter of 2008 was $13.8 million compared with $11.4 million for the same quarter in 2007. Net income for the third quarter of 2008 includes a net $1.4 million gain resulting from the strengthening of the U.S. dollar against the British pound and the Euro.

Earnings per share for the third quarter ended September 30, 2008 was $0.89 per share, compared with $0.68 per share for the comparable quarter in 2007. The earnings per share data are presented on a diluted basis.

Revenues for the nine months ended September 30, 2008 rose 5.9% to $417.1 million from $394.0 million during the comparable nine months in 2007. Net income for the nine months ended September 30, 2008 was $34.1 million compared with $33.7 million for the same nine months in 2007.

Earnings per share for the nine months ended September 30, 2008 was $2.17 per share compared with $1.96 per share for the comparable nine months in 2007. The above earnings per share data are presented on a diluted basis.

Steiner Leisure Limited is a worldwide provider of spa services. The Company’s operations include spas and salons on 133 cruise ships, and in 48 resort spas and two luxury day spas.

The company’s Elemis Limited subsidiary manufactures Elemis(r) brand products for use in on the cruise ship and in land-based spas. This line of beauty products is also distributed worldwide to hotels, salons, health clubs and destination spas. Elemis(r), as well as other Steiner products, including La Therapie(r), Ionithermie, and Steiner Hair Care, are also available for ale to the public.

Steiner Leisure owns and operates five post secondary schools (comprised of a total of 17 campuses) located in Miami, Orlando, Pompano Beach and Sarasota, Florida; Baltimore, Maryland; Charlottesville, Virginia; York, Pennsylvania; Salt Lake City and Lindon, Utah; Las Vegas, Nevada; Tempe and Phoenix, Arizona; Westminster and Aurora, Colorado; and Newington, Groton and Westport, Connecticut. Offering degree and non-degree programs in massage therapy and, in some cases, skin care, these schools train and qualify spa professionals.