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Lancaster New Era, Pa., Earnings column.(Column)
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Lancaster New Era (Lancaster, PA)
- Article date:
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August 1, 2007
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Copyright informationCOPYRIGHT 2007 Lancaster New Era. 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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Aug. 1--R.R. Donnelley & Sons Co. today reported a $69.4 million net loss in the second quarter, due to two charges.
The loss of 32 cents a share compares to net profits of $125.2 million (57 cents a share) in the 2006 quarter. Sales improved to $2.8 billion, up 23.0 percent.
Chicago-based Donnelley blamed the red ink on pre-tax charges of $330.5 million for impairment (writing off the trade names of acquired firms Moore Wallace, OfficeTiger and others) and for restructuring.
Excluding the charges, the printing firm's net profits from continuing ...