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Knight Trading Swings to Profit
Knight Trading Group (NITE Quote) posted a profit for the second quarter, reversing a loss in the year-ago period, as increased trading activity and cost-cutting helped the company's turnaround efforts.
The company earned $14.8 million, or 13 cents a share, in the second quarter. For the second quarter of 2002, the company reported a loss of $23.5 million, or 19 cents a share. ...
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