Prestige Brands profits drop
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- November
- 8
Prestige Brands Holdings Inc. said this morning profits for the second quarter of its fiscal 2008 dropped to $6.8 million, or 14 cents a share, from last year’s $8.8 million, or 18 cents a share.
The company said the withdrawal from the market of its Little Remedies products hurt earnings. Without that action, earnings would have been $8.1 million, or 16 cents a share.
The company withdrew the cough and cold medicines from the market amid concern that they were ineffective.
The company said revenues were up to $87.34 million from $84.55 million.
This entry was posted
on Thursday, November 8th, 2007 at 10:41 am by Allan Drury.
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