2/2/2012 6:46 AM ET
(RTTNews) - Invacare Corp. (IVC: News ) posted fourth-quarter net loss of $35.03 million or $1.10 per share compared to net earnings of $7.25 million or $0.22 per share a year ago, hurt by estimated goodwill and intangible impairment charges of $1.53 per share and restructuring charges of $0.29 per share.
On an adjusted basis, the company reported earnings of $2.05 per share for the fourth quarter, an increase from last year's $1.84 per share.
Net sales for the three-month period declined to $449.7 million from $451.54 million in the prior year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.67 per share on revenues of $465.10 million for the quarter. Analysts' estimates typically exclude special items.
Click here to receive FREE breaking news email alerts for Invacare Corp and others in your portfolio
by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com