Hayes Lemmerz International Inc. (HAYZ) on Friday said it incorrectly calculated its diluted share figures over the last three years, overstating the per share losses in each year.
The auto part supplier cut its per share losses 7% to $2.23 from $2.41 in 2008, 34% to $2.89 from $4.36 in 2007 and 34% to $7.99 from $12.06 in 2006.
The Northville, Mich., company's net loss was unaffected by the error, the company said in a filing with the Securities and Exchange Commission.
Hayes Lemmerz said the error stemmed from an equity rights offering in May 2007.
- By David J. Reynolds; Dow Jones Newswires; 202-862-1342; email@example.com
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