Straight from the earnings report:
"Net loss for the third quarter of fiscal 2012 was $6.8 million ($0.13 per share) as compared to net earnings of $7.0 million ($0.13 per share) recorded in the same period last year. The 2012 results include, on a pre-tax basis, debt refinancing expense of $11.2 million and an asset impairment charge of $8.8 million. "
So there were two charges that the company took, neither of which analysts would have factored into to their EPS analysis....why the company was so short in the announcement with no guidance though is what I think has people exiting....seen it before and the next day stocks well into the green after the conference call...
They said that they had two one time charges:
One for $11.2 Million and one for $8.8 Million or $20 Million total...if you back those two out they would have earned roughly .25 cents a share since every $6.8 Million equals .13 cents based on their report....not sure if that makes things any better or not....saw no guidance but I guess that will be on the CC tomorrow morning?