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Isis will have costs in the second quarter of about $1.8 million related to the layoffs.
It will book an after-tax charge of approximately $1 billion for the settlement costs in the second quarter.
The company will record about $600 million in costs in the second and third quarters to eliminate more jobs.
The company earned 60 cents a share before certain costs in the second quarter, double the forecast it made on June 18.
The revamping costs in the second quarter, of $94.4 million in charges before taxes, are for expenses like eliminating jobs and ending office leases.
(AP) — The biotechnology company Amgen said on Monday that its profit rose 40percentt on a tax benefit and lower costs in the second quarter despite a continued decline in sales of anemia drugs.
Similar(37)
The start-up costs in the first year alone may be $600 million.
UTV said the increase in costs in the first half included "increased investment in programming and presenters at TalkSport".
Next also warned that higher cotton prices could result in increased costs in the first half of 2011.
Michael E. Lehman, chief financial officer, said Sun expected to have a profit, before some costs, in the fourth quarter.
Unit labor costs in the fourth quarter fell 1percentt, which means that the cost of producing a particular piece of merchandise fell.
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