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Excluding one-time items like a non-cash credit tied to the
value of debentures and restructuring charges, the Waterloo,
Ontario-based company reported a quarterly loss of $66 million,
or 13 cents a share.
Including the impact of the non-cash gain, in the period ended
Aug. 29, it earned a net profit of $51 million. That compared
with a loss of $207 million a year earlier.
Quarterly revenue fell 46.5 percent to $490 million in the
period.
(Reporting by Euan Rocha and Allison Martell; Editing by
Bernadette Baum)
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