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These are extraordinary charges, and call for a serious evaluation.
Interpublic posted a net loss of $505.3 million after taking almost $1.2 billion in extraordinary charges.
Gannett, the giant media company, reported a 21 drop in profit for the quarter, including some extraordinary charges related to early retirement and pension payments.
It forecast positive pretax earnings for the 2002 fiscal year, excluding extraordinary charges of $2.5 million for the refinancing of high-cost debt.
Investors and securities analysts who have criticized Mrs. Wachner's pay package are suspicious, because nonrecurring and extraordinary charges occurred in 8 of the last 10 years.
The company said it expected to earn $1.08 to $1.10 a share this year, excluding extraordinary items, compared with 19 cents before extraordinary charges last year.
Similar(40)
But even the most matter-of-fact news images here pack an extraordinary charge, and the strongest of them explode in your face.
The earnings decline was even steeper after an extraordinary charge of $916 million for the company's write-off of interactive television assets.
The group, based in Geneva, took an extraordinary charge of $108 million to cover outstanding bills at a unit that inspects goods for governments.
For the full year, Federated earned $795 million, or 3.62 a share, compared with $685 million, or $3.06 in the prior year before an extraordinary charge related to early debt repayment.
Ordering groceries over the phone, readjusting her waffled pink cardigan, pouring Scrabble tiles into a box: Ms. Smith invests each of these ordinary activities with the extraordinary charge of a woman desperately eager and reluctant to make contact with her son.
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CEO of Professional Science Editing for Scientists @ prosciediting.com