UPDATE: Met-Pro Q1 Profit Drops 82%

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Met-Pro
MPR
reported an 82% drop in its fiscal first-quarter profit. Met-Pro's quarterly profit fell to $0.2 million, or $0.02 per share, from $1.26 million, or $0.09 per share, in the year-ago period. Its sales declined 13% to $22 million. However, analysts were expecting earnings of $0.14 per share on sales of $27 million. Met-Pro's gross margin widened to 36.5% from 35.5%. Met-Pro shares dropped 0.22% to $13.40 in pre-market trading.
Posted In: EarningsNewsprofit
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