Taste of Home Entertaining
April 28, 2006
The Reader's Digest Association, Inc. RDA today reported results for the third quarter of Fiscal 2006 ended March 31, 2006. The following are company-wide results:
-- Revenues were $547 million, versus $545 million. Adjusting for foreign-currency exchange fluctuation, revenues were up 2 percent. -- Operating profits were $10 million, versus a prior-year loss of $(121) million that included charges of $(13) million for deferred promotion, $(129) million to write down goodwill at Books Are Fun (BAF) and a $5 million gain on the sale of an asset. Adjusted operating profit in the Fiscal 2005 quarter was $16 million. -- EPS was $0.01, versus a prior-year loss of $(1.33) that included the deferred promotion and goodwill charges and a gain on the sale of an asset. Adjusted EPS in the Fiscal 2005 quarter was $0.04.