Melville, N.Y. Olsten Corp. reported earnings May 3 that missed Wall Street estimates by a penny a share. In addition, the company took $102 million in charges to settle two Medicare billing fraud cases with the federal government and to close 45 offices. The news prompted four shareholders to sue, alleging mismanagement that led to fraud and a squandering of assets to resolve the cases.

For Olsten's first quarter ended April 4, net loss was $62 million, or 77 cents a share, compared with net income of $12.8 million, or 16 cents a share, in the first quarter of the previous year. Excluding charges, net income was $8 million, or 10 cents a share. Analysts expected earnings of 11 cents a share. Net sales rose from $1.05 billion to $1.2 billion.

Olsten has exited the hospice business and a number of HME markets as part of a restructuring.