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Schawk Shares Plunge On Estimated 2008 Loss

Stock quotes in this article: SGK  

HARTFORD, Conn. (AP) — Shares of Schawk Inc. plunged more than one-third Wednesday, a day after the provider of digital imaging services said it expects to post an operating loss of $30 million to $40 million for 2008.

Preliminary results included $35 million in one-time charges and between $20 million and $30 million in impairment charges.

The Des Plaines, Ill., company also said sales in 2008 were about $489.2 million, down 9.2 percent from 2007. ...

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