Invacare Corp. (IVC) Misses Q1 EPS by 8c
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Invacare Corporation Announces Financial Results for the First Quarter of 2016
April 28, 2016 6:30 AM EDTELYRIA, Ohio--(BUSINESS WIRE)-- Invacare Corporation (NYSE: IVC) today announced its financial results for the quarter ended March 31, 2016.
On July 2, 2015, the company divested its United States medical device rentals businesses for long-term care facilities (rentals businesses), which were a part of the Institutional Products Group (IPG) segment. The rentals businesses were not deemed discontinued operations for financial reporting purposes, and therefore are included in the 2015 results below, unless otherwise noted.
FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER
Excluding the divested rentals businesses, constant currency net sales(a) decreased 4.8% and reported... More