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Mentor fourth-quarter profit falls

Thu Jan 31, 2008 4:30pm EST

LOS ANGELES, Jan 31 (Reuters) - Mentor Corp MNT.N said on Thursday that its fourth-quarter profit fell 12 percent due to restructuring costs.

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Mentor, which makes breast implants, said its fiscal third-quarter net earnings were $11.9 million, or 32 cents per share, compared with $13.6 million, or 29 cents per share, in the year ago period.

Excluding charges, the company said it earned 37 cents a share in the quarter. Wall Street had expected a profit of 31 cents per share after excluding one-time items, according to Reuters Estimates. (Reporting by Debra Sherman, editing by Leslie Gevirtz)

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