By  on April 1, 2009

Physicians Formula Holdings Inc. reported a fourth-quarter loss of $24.5 million, or $1.80 a diluted share, compared with profits of $4.9 million, or 33 cents a share, in the year-ago period, citing retailers’ ongoing grip on inventory control — and shoppers’ grip on their wallets.

During the quarter, the company recorded noncash goodwill and intangible asset impairment charges of $32.7 million as of Dec. 31, or $1.93 per diluted share, net of tax, which dragged down earnings somewhat. Excluding these charges, adjusted net income per diluted common share was 13 cents for the fourth quarter.

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