....oops, I left some money on the table! They beat estimate of -.12, it will still pull back IMO...after pop?
Press Release Source: Brunswick Corporation
Brunswick Reports Loss of $0.07 Per Diluted Share, Including $0.59 of Restructuring Charges, for Second Quarter
Thursday July 24, 8:56 am ET
LAKE FOREST, Ill., July 24 /PRNewswire-FirstCall/ -- Brunswick Corporation (NYSE: BC - News) reported today a net loss of $6.0 million, or $0.07 per diluted share, for the second quarter of 2008, compared with net earnings of $56.9 million, or $0.63 per diluted share, from continuing operations for the same period a year ago. The second quarters of 2008 and 2007 include restructuring charges of $83.1 million, or $0.59 cents per diluted share, and $1.1 million, or $0.01 per diluted share, respectively. The 2008 charges are primarily for costs associated with previously announced actions aimed at resizing the company and reducing fixed costs by $300 million versus 2007 spending levels by the end of 2009.
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