This excerpt taken from the EYE 8-K filed Aug 1, 2006.
For the second quarter of 2005, the company reported a GAAP net loss of $438.1 million, or $9.53 per share, including after-tax charges of $456.0 million, primarily associated with acquisitions. The after-tax charges in the second quarter of 2005 had the effect of reducing earnings per share by $9.90.
Our second-quarter performance demonstrates the ongoing benefits of shifting our focus to premium-priced products, moving aggressively to rationalize non-strategic products and finalizing our repositioning for improved competitiveness, said Jim Mazzo, AMO chairman, president and chief executive officer. We are leveraging our superior technologies, efficient operating structure and pipeline of new innovations to seize exciting growth opportunities across our markets.