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News Breaks | | | | November 13, 2012 | | 16:33 EDT |  | SUMR | Summer Infant reports Q3 EPS ($3.65)
Reports Q3 revenue $63.98M, consensus $67.56M. EPS consensus estimate 10c. During Q3 the company continued to experience a decline in its market capitalization and results against forecast, triggering an interim impairment analysis of goodwill, intangible and long-lived assets. Based on this triggering event, the company conducted a valuation study and concluded that some assets were impaired and recognized an estimated goodwill write off of $61.9M in Q3. A portion of the company's intangible assets were also impaired resulting in a write down of $8.3M. These have no impact on the company's day-to-day operations or liquidity and will not result in any future cash expenditures. | |
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News For SUMR From The Last 14 Days Check below for free stories on SUMR the last two weeks. |
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| May 21, 2013 | | 10:00 EDT |  | SUMR | On The Fly: Analyst Initiation Summary
 Subscribe for More Information | | | May 20, 2013 | | 16:16 EDT | | SUMR | Summer Infant initiated with an Overweight at Piper Jaffray
Subscribe for More Information | | | May 13, 2013 | | 18:56 EDT |  | SUMR | On The Fly: After Hours Movers
Subscribe for More Information | | | 16:32 EDT | | SUMR | Summer Infant reports Q1 adjusted EPS 6c, consensus 2c
Reports Q1 revenue $59.1M, consensus $60.48M. | | | 16:01 EDT | | SUMR | Summer Infant reports Q1 EPS 2c, consensus 2c
Reports Q1 revenue $59.1M, consensus $60.48M. | |
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