swung to a quarterly net loss, hit by costs from job cuts and charges related to acquisitions.
The company reported a fourth-quarter loss of $1.7 million, or 1 cent a share, compared with net income of $35.1 million, or 21 cents a share, a year earlier.
Adjusted earnings for the quarter were $56.5 million, or 34 cents a share, compared with $48.3 million, or 29 cents a share, a year ago. Adjusted earnings excluded items such as restructuring charges and reserves for liabilities related to previous acquisitions.
The company's shares were down 2.4% at $9.70 in early trading.