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Exact(12)
We advised we would need to see at least either share charge or property charge in place prior to drawdown".
The quarter's earnings also included a 2 cent per share charge related to layoffs.
The firm cited as the culprits restructuring efforts and a tax settlement, which produced a 28-cent-per share charge.
In addition, Ford took a $2.1 billion, or $1.10 per share, charge in the second quarter to cover the costs of replacing the tires.
The net loss was 95 cents per share, which includes a 39 cents per share charge for costs related to the conversion of debt.
Elsewhere, Duke Energy was sinking 12% after saying it would take a 40 cents per share charge in the fourth quarter to cover 2,000 layoffs.
Similar(46)
The company took a 2-cent-a-share charge for severance payments in the fourth quarter.
The figures included a 4 cents-a-share charge related to an acquisition during the quarter.
The loss translated to 26 cents a share, including a 6 cent-a-share charge relating to accounting problems in its Mexican operations.
The 66-cents-a-share charge was more than the 45 cents analysts had expected for a court order that the company pay $111 million to a Canadian investor, Henryk de Kwiatkowski.
The results, which include a 20-cent-a-share charge on new health reform law's elimination of tax deductions that have been available to companies for retiree prescription drug expenses, beat Wall Street's average estimate of 64 cents a share, according to Thomson Reuters.
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