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Article: Federal-Mogul Reports Fourth Quarter and Full Year 2001 Results.
- Article from:
- PR Newswire
- Article date:
- February 22, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. 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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SOUTHFIELD, Mich. -- Federal-Mogul Corporation today reported its financial results for the fourth quarter and full year of 2001. Fourth quarter 2001 sales were $1,292 million, down four percent from the same period last year, for a loss of $0.36 per share from operations, compared to a loss from operations of $0.99 per share in 2000. Including charges for impairment, divestitures of businesses and Chapter 11 and Administration related expenses, Federal-Mogul reported a loss of $1.37 per share in the fourth quarter 2001 compared with a reported loss of $4.80 per share for the same period last year. Excluding acquisitions and divestitures and the effects of foreign ...