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Today's Big Losers: GAP, ARB, AA, AWC, FORM
January 12, 2010
The Great Atlantic & Pacific Tea Company (GAP) reported a third quarter loss from continuing operations of $502.4 million which includes charges of $412.6 million for goodwill, trademark and long-lived asset impairment and $16 million for mark to market adjustments related to financial liabilities. Loss from continuing operations in the comparable period of the prior year totaled $3.8 million, and included income of $23 million for mark to market adjustments related to financial liabilities.
Copyright (2010) Market News Video.
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