logo
Share SHARE
FONT-SIZE Plus   Neg

ArthroCare Slips To Loss On One-time Charges - Quick Facts

Surgical products company ArthroCare Corp. (ARTC) Thursday reported fourth-quarter net loss to common shares of $29.3 million or $1.06 per share, compared to net income of $10 million or $0.30 per share last year.

Analysts polled by Thomson Reuters expected earnings of $0.20 per share for the quarter. Analysts' estimates typically exclude special items.

Results for the quarter included a charge of $74 million for the proposed settlement of securities class actions, partly offset by proceeds of $7.8 million to settle the derivative actions.

Revenue for the quarter slightly fell to $92.4 million from $92.6 million a year ago. Analysts expected revenues of $97.47 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toy maker Hasbro Inc. (HAS) reported a profit for the fourth-quarter 2015 that grew about 3.5% from last year. Quarterly net revenues increased 13% from the prior year. Both earnings per share and revenue for the quarter beat analysts' expectations. Healthcare plan provider Centene Corp. (CNC) has been executing on its strategic objectives, including margin expansion. With its growing portfolio of integrated health solutions, Centene has a strong presence in government-sponsored healthcare, the highest growth category in the industry. A California man has filed a lawsuit against McDonald's alleging that the fast food giant is defrauding customers by cramming its mozzarella sticks with filler instead of real cheese. Chris Howe is seeking at least $5 million in damages on behalf of consumers in 42 states and the District of Columbia. The...
comments powered by Disqus
Follow RTT