24/04/2008 16:35:00 Business Wire Invacare Corporation (NYSE: IVC) reiterated that its quarterly results announced earlier today were on plan for the first quarter and that the Company remains confident in its projected range for adjusted earnings per share for the year with most of the earnings attributable to the second half of the year.
In its earlier announcement, Invacare noted that, because it does not provide quarterly earnings guidance, "the investor community may project quarterly earnings that vary from management s expectations." A.
Malachi Mixon, III, Invacare s Chairman and Chief Executive Officer, stated, "It appears that projections by some analysts for our first quarter, which the Company has never confirmed, have led to a sharp decline in Invacare s stock price which we do not believe is justified.
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Saturday, May 10, 2008
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