These actions are expected to yield an annual saving of 500 million SEK and will entail nonrecurring charges
of about 400 million SEK in the fourth quarter.
Operating earnings before nonrecurring charges
9 million, or 54 cents a share, including nonrecurring charges
, compared with a profit of 15 cents a share from the same period a year ago.
Fourth-quarter operating earnings before nonrecurring charges
After recording the nonrecurring charges
, Shaw's net earnings for the second quarter totaled $40.
Excluding the nonrecurring charges
, the company still lost money for the quarter.
Richard Moroney notes that nonrecurring charges
are excluded from companies' quarterly earnings statements.
Restructuring and other nonrecurring charges
recorded during the fourth quarter, 2000 were $46.
Earnings per share before nonrecurring charges
grew 70 percent to $1.
technology IPO year to date -- Increased revenue 8% sequentially with growth across all product lines -- Expanded operating margins excluding nonrecurring charges
over the prior quarter
31 per share, before nonrecurring charges
in the third quarter compared to $71,683,000, or $.
Net earnings for 1998, before nonrecurring charges
and the loss on the sale of equity securities, were $126.