Courier Reports Education Sales Up, Borders Fallout Induces Loss

“As a result, for the fourth quarter of fiscal 2011, we expect earnings of $.36 to $.46 per diluted share, versus $.35 per diluted share in last year’s fourth quarter.

“For fiscal 2011 overall, we expect to achieve total sales of between $258 million and $263 million, vs. $257 million in fiscal 2010. And we expect earnings per diluted share of between $.70 and $.80, excluding the second-quarter restructuring costs and bad-debt provision, as well as the third-quarter impairment charge. This compares with fiscal 2010 earnings of $.85 per diluted share, excluding last year’s impairment charge.