Feb 04, 2010. /Lesprom Network/. 4Q earnings at Plum Creek Timber Company Inc. fell to $28 million from $95 million a year earlier. Revenues dropped to $258 million from $461 million in 2008, as Puget Sound Business Journal reported. For fiscal 2009, earnings rose to $236 million, or $1.44 per diluted share, from $233 million, or $1.37 a share a year earlier. Revenues fell to $1.29 billion from $1.61 billion in fiscal 2008. Plum Creek Timber Company's officials said they expect 4Q earnings from continuing operations of between $0.34 and $0.39 per share and fiscal 2010 income to be between $1.25 and $1.45 per share. “We are approaching 2010 conservatively ... We plan to keep the harvest of our most valuable sawlogs low. In our real estate segment, we will concentrate on capturing attractive prices for lower-value properties, holding our most valuable lands for the future,” said Rick Holley, President and CEO. Plum Creek is the largest and most geographically diverse private landowner in the nation with approximately 7 million acres of timberlands in major timber producing regions of the United States and wood products manufacturing facilities in the Northwest.