Invacare Q4 Loss Widens - Quick Facts

(RTTNews) - Invacare Corp. (IVC) Thursday reported that its net loss for the fourth quarter widened to $9.4 million or $0.29 per share from $5.8 million or $0.18 per share in the comparable quarter last year. On an adjusted basis, loss per share was $0.12, narrower than $0.22 per share in the year-ago period.

Analysts polled by Thomson Reuters expected the company to report loss per share of $0.27 for the quarter. Analysts' estimates typically exclude special items.

Quarterly sales was down 3.8 percent to $318.20 million from $330.85 million for the same period last year. Organic net sales decreased 0.5 percent year-over-year, driven by a net sales decline in the North America/HME segment, which was partially offset by net sales increases in the European, IPG and Asia/Pacific segments. Analysts projected revenues of $310.40 million for the quarter.