11:53 AM EST - Fiera Sceptre Inc. : reported its financial results for the first quarter ended December 31, 2011. Revenue was $16.1 million, a decrease of 13.1% or $2.4 million compared to $18.6 million for the same period in 2010. Net earnings were $0.8 million compared to $2.8 million for the corresponding three-month period of last year. The net earnings were impacted by non-recurring costs related to the aforementioned strategic initiatives of $0.9 million ($0.6 million net of income taxes) or a $0.02 (basic and fully diluted) per share impact. Excluding these expenses, net earnings for the current quarter would have been $1.5 million or $0.04 (basic and fully diluted) earnings per share. Fiera Sceptre Inc.
shares T.FSZ are trading down $0.10 at $8.25.
