Invacare Corp. (IVC) 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.
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