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Restructuring expenses will reduce earnings this year to $1.08 to $1.22 a share.
The bank said significant items included charges in its capital markets unit and restructuring expenses.
Fourth-quarter earnings, excluding restructuring expenses, will rise as much as 12percentthethe company said.
Profit this year will be $1.36 to $1.44 a share excluding restructuring expenses and certain other costs, Libbey said.
Separately, Merck reported that it earned $1.4 billion, or 46 cents a share, in the fourth quarter, compared with $1.51 billion, or 49 cents a share, a year earlier, when it took charges for acquisition and restructuring expenses.
The loss for the quarter ending in March will be 2 cents to 5 cents a share, excluding restructuring expenses, on sales of $190 million to $200 million, Plexus said.
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Second-quarter earnings a year ago included a restructuring expense of $146 million, or 10 cents a share.
Restructuring your expenses to avoid a hardship loan is usually the best option.
Q. Have semiconductor companies been big cost cutters over the last few years? A. The restructuring and expense reductions have easily been as great as they were in the early 1990's.
State Street, a financial holding company based in Boston, also suffers from a history of recurring charges that it has been calling "nonrecurring," including restructuring and legal expenses.
Advanced Micro Devices Inc., the second-biggest maker of computer processors, expects restructuring and other expenses this quarter of as much as $863 million to pay for job cuts and reduced tax benefits.
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