"In response to the continuing economic downturn, we announced on May 13 that we expanded our restructuring programs which we expect will yield an additional annual savings of $7 million with a cost of $9 million," President and CEO John Craig said in a release.
On the subject of first-quarter forecasts, he added, "we maintain our previously announced first-quarter guidance that non-GAAP adjusted net earnings per diluted share will be between $0.13 and $0.17, which excludes an expected charge of $0.09 per diluted share from our ongoing European restructure actions." Shares were changing hands in the red in after market trading, sliding $2.38 or nearly 14% after the close.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,741.98 | 1,159.90 | 2,374.41 | 36.87 |
Oil *
79.80
|
|
DOWN
37.19
|
DOWN
5.92
|
DOWN
16.87
|
UP
0.15
|
10 Yr
3.69%
SPDR Gold
108.28
|
|
-0.34%
|
-0.51%
|
-0.71%
|
+0.41%
|
Data delayed 20 minutes |
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