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Furniture Brands Q4 Loss Widens

February 13, 2013

Retailing home furnishings company Furniture Brands International posted a wider loss for the fourth quarter, hurt by a charge, but sales were higher compared to last year.

For the quarter, net loss was $22.9 million or $0.41 per share, including a $10.8 million after-tax charge, partially offset by the reversal of a $2.4 million valuation allowance on tax assets. 

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