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Article: Action Performance Announces Revision That Lessens Third Quarter Loss; Net Loss Per Share Changed from ($0.83) to ($0.81).
- Article from:
- Business Wire
- Article date:
- August 9, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PHOENIX -- Action Performance Companies, Inc. (NYSE:ATN), the leader in the design, marketing, promotion, and distribution of licensed motorsports merchandise, today announced that it reversed an after-tax $0.5 million charge included in its third fiscal quarter loss from discontinued operations as reported in its press release dated August 2, 2005. As a result, the company's net loss for the quarter was revised to ($15.0) million, or ($0.81) per share, from ($15.5) million, or ($0.83) per share. Furthermore, loss from discontinued operations, net of income taxes, was revised to ($5.5) million, or ($0.30) per share, from ($6.0) million, or ($0.32) per share. There was no ...