As expected, Alcatel reported a net loss of 3.1 billion euros in the quarter ($2.73 billion), most of it related to one-time reorganization charges, including the layoffs, and to write-downs of inventory.
Later, spokesmen for THL and Simmons clarified the statement by saying that after excluding a one-time reorganization expense, an adjusted earnings figure for the quarter was the 10th best in the company's history.
Others did not participate owing to lack of time, reorganization or other adverse organizational conditions.
The reasons for dropout were lack of time, reorganization at work, sudden illness, and increased knee symptoms.
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One day before Coca-Cola's annual meeting with shareholders, which is expected to include protests by black Coca-Cola employees, the company said yesterday that it lost $58 million in the first quarter, much of that because of one-time charges for reorganization.
The company said results in the quarter, which ended Oct. 31, were hurt by increased warranty costs, discounts and one-time costs for a plant reorganization.
American Home Products, which is based in Madison, N.J., said it earned $593.2 million, or 45 cents a share, in the fourth quarter, compared with $349.6 million, or 26 cents a share, a year earlier, when the company posted a one-time charge of $240.5 million for reorganization costs.
It expects to incur a one-time charge in 2010 because of the reorganization.
Excluding one-time items related to asset write-downs, reorganization expenses and other costs, profit increased 5percentto to $661.3 million, or 61 cents a share, Lilly said.
