Mentor fourth-quarter profit falls

Thu Jan 31, 2008 4:30pm EST
 
[-] Text [+]

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

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)

 
Kenneth Griffin, Founder, President and CEO, Citadel Investment Group LLC, speaks during the "Financial Recovery: When and How?" panel at the 2009 Milken Institute Global Conference in Beverly Hills, California April 27, 2009. REUTERS/Phil McCarten
Citadel enters the fray

Kenneth Griffin's powerful hedge fund has waded into the case of Goldman Sachs' purloined computer code, suing three of its former employees for setting up Teza Technologies.  Full Article | Full Coverage 

Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better