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Finance
Invacare Corp. reports dip in first-quarter earnings
June 2nd, 2006
Invacare Corp. (IVC) announced its financial results for the first quarter ended March 31, 2006. Earnings per share for the quarter decreased to $0.24 versus $0.42 for the first quarter last year, excluding the impact of a pretax $3.5 million charge ($2.4 million after tax or $0.08 per share) related to restructuring activities. Net earnings for the quarter, excluding the charge related to restructuring activities, were $7.6 million versus $13.5 million for the first quarter last year. Including the charge, earnings per share for the first quarter were $0.16 and net earnings were $5.2 million. Net sales for the quarter decreased 2% to $361.7 million versus $370.9...
Source: Medicine & Law Weekly (2006-06-02)
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