Greatbatch’s EPS Meets, Net Tanks
Greatbatch’s (NYSE:GB) fourth-quarter fiscal 2011 adjusted (excluding one-time items) earnings per share of 39 cents came in line with the Zacks Consensus Estimate and trailed the year-ago adjusted earnings of 46 cents. Profit (as reported) tumbled 59% year over year to roughly $5.6 million (or 24 cents a share). The New York-based company’s profits in [...]
Greatbatch’s (NYSE:GB) fourth-quarter fiscal 2011 adjusted (excluding one-time items) earnings per share of 39 cents came in line with the Zacks Consensus Estimate and trailed the year-ago adjusted earnings of 46 cents.
Profit (as reported) tumbled 59% year over year to roughly $5.6 million (or 24 cents a share). The New York-based company’s profits in the year-ago quarter were boosted by a $9.5 million gain stemming from the settlement of a lawsuit related to its Electrochem unit.
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