Exide Technologies (XIDE) Reports a Q1 Loss
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Exide Technologies (NASDAQ: XIDE) reported Q1 EPS of ($1.38) vs. analyst estimate of $0.01 (Not comparable). Revenue for the quarter came in at $693.4 million versus the consensus estimate of $736.78 million.
(With the decline in profitability of the Americas business, the evaluation of our deferred tax asset in the United States has resulted in the establishment of a valuation allowance in the amount of $87.6 million or ($1.14) per share, in the fiscal 2013 first quarter. This non-cash charge when coupled with the difficult operating environment resulted in a net loss for the quarter of $106.5 million or ($1.38) per share compared with the prior year net loss of $5.2 million or ($0.07) per share_
For earnings history and earnings-related data on Exide Technologies (XIDE) click here.
(With the decline in profitability of the Americas business, the evaluation of our deferred tax asset in the United States has resulted in the establishment of a valuation allowance in the amount of $87.6 million or ($1.14) per share, in the fiscal 2013 first quarter. This non-cash charge when coupled with the difficult operating environment resulted in a net loss for the quarter of $106.5 million or ($1.38) per share compared with the prior year net loss of $5.2 million or ($0.07) per share_
For earnings history and earnings-related data on Exide Technologies (XIDE) click here.
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