Intermec Reports Third Quarter 2010 Results: EPS of $0.00
Intermec, Inc. (NYSE: IN) today announced financial results for its third quarter, which ended September 26, 2010.
Third quarter 2010 revenues were $169 million and earnings before tax were $2.3 million. The Company recorded a $9.2 million primarily non-cash tax expense in the quarter to align its year-to-date provision with updated fiscal-year 2010 revenue and income estimates, as further described below. This resulted in a third quarter net loss of ($6.9) million, or ($0.11) per diluted share, compared to 2009 third quarter revenues of $159 million and a net income of $0.1 million, or $0.00 per diluted share.
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