Sentence examples for severance charge from inspiring English sources
The 2008 quarter had a penny-a-share severance charge.
MasterCard's results were hurt by an after-tax severance charge of $38 million, or 19 cents a share, and a 25 percent increase in advertising expenses.
Citigroup will book an unspecified severance charge in the second quarter as it sheds some of the fund's 130 or so jobs.
In the fourth quarter, Aetna took a $238.3 million after-tax charge to write off goodwill as it withdrew from unprofitable Medicare markets; a $92.6 million after-tax "severance charge" related to actions announced in December, and $51 million in after-tax costs resulting from the spinoff of Aetna to shareholders.
Excluding a severance charge of 4 cents per share and a 17 cents-per-share charge related to the sale of its majority stake in Calendar Club, earnings were $93.3 million, or $1.67 per share.
On the cost side, the company specifically said that its voluntary separation program, which will ultimately impact 10,400 employees by June 2019 (but will see the first tranche leave this month), will lead to a severance charge of between $1.8 billion and $2.1 billion $1.3 billionn to $1.6 billion after-tax) in Q4 2018.
Time Inc. eliminated roughly 6 percent of its total worldwide staff of 8,000 in the first quarter, resulting in $53 million in restructuring and severance charges.
The company, which is based in San Ramon, Calif., said severance charges were expected to be $150 million to $200 million on an after-tax basis in the first quarter.
Royal Dutch/Shell said that it would take a $1 billion charge in the fourth quarter because of asset sales, severance charges and write-downs.
Excluding severance charges, the company earned 49 cents a share, a penny ahead of the consensus estimate among Wall Street analysts, according to Thomson Reuters.
The company slashed marketing, general and administrative costs during the quarter, down 19percenttoto $88.7 million, from $109 million last year, including $600,000 in severance charges related to Ruehl.
