Schawk Shares Tumble On Losses

CHIP CUTTER

NEW YORK (AP) — Shares of digital imaging provider Schawk Inc. plunged nearly 6 percent Friday after the company reported sharply lower fourth quarter and year-end results, reflecting a steep decline in its consumer products packaging business.

The Des Plaines, Ill.-based company said Thursday it lost $58.4 million, or $2.27 cents a share, for the quarter ended Dec. 31. That compares with net income of about $7.8 million, or 28 cents a share, in the same period last year.

Excluding charges, the company lost a penny per share. Analysts were looking for earnings of 3 cents a share, according to a poll by Thomson Reuters. ...