Cenveo Posts Gains Primarily Due to Acquisition
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For the three months ended Oct. 1, 2011, the company recorded net income of $2.8 million, compared to a net loss of $157.2 million for the three months ended Oct. 2, 2010. The improvement in net income was primarily due to lower restructuring and impairment charges and lower interest expense in the third quarter of 2011, compared to the third quarter of 2010, partially offset by higher income tax expense in the third quarter of 2011, compared to the third quarter of 2010.
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