USA: Federal-Mogul announces first quarter share loss
Federal-Mogul Corporation has announced first quarter 2001 sales of $1,451 million compared to $1,644 million in 2000. In line with expectations announced on March 28, Federal-Mogul reported a first quarter loss of $0.60 per share from operations versus earnings of $0.86 per share from operations in 2000. Excluded from earnings from operations were charges for restructuring and impairment. Including these items, Federal-Mogul reported a first quarter loss of $0.89 per share compared to net earnings of $0.18 in 2000.
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